The on-chain intelligence platform Arkham has marked Robinhood's wallets across 12 blockchains, covering the Bitcoin network and Robinhood Chain. The total value of related crypto assets is approximately $24.96 billion.

Bitcoin is the largest position. The marked addresses hold a total of 185,185 BTC, valued at about $15.59 billion, accounting for approximately 62% of the total marked assets. DOGE is around $2.88 billion, ranking high. Another snapshot on the same day recorded a combined balance of about $24.78 billion, including approximately 1.576 million ETH valued at about $4.23 billion and about 30.43 billion DOGE valued at approximately $2.86 billion.

These addresses are primarily aggregated customer custody wallets, not Robinhood's corporate treasury. Arkham has attributed about 1.7 million addresses to Robinhood and ranks the broker 10th among tracked entities based on its visible on-chain balance. Balances will fluctuate with coin prices and may not correspond to new deposits or withdrawals.

Robinhood Chain is a Layer 2 network launched around July 1, aimed at tokenizing stocks and activities related to meme assets. Arkham integrated the marking before and after the launch of this network. The coverage of 12 chains places Bitcoin mainnet custody and this proprietary Layer 2 under the same label.

Visible holdings from institutional custodians typically align more closely with indices: Bitcoin is primary, followed by Ethereum, with others being minimal. Robinhood's DOGE weight is significantly higher than such custodial structures, reflecting retail customers' heavier allocation to meme assets. The $15.59 billion in Bitcoin, at current prices, is about $84,000 per coin.

The buyers are retail investors putting coins into Robinhood custody, while sellers are not present in this marking itself. This is not an inflow of funds; it is the visibility gained after aggregating existing addresses. Beneficiaries are market makers and intelligence users needing to track broker custody flows. Those under pressure are traders pricing customer balances as corporate reserves, and assets like DOGE that have an excessively high weight in a single retail channel. If these addresses move en masse, price impact will first hit DOGE, not Bitcoin.

The $24.96 billion is the dollar valuation at the time of marking, not the audited total of customer assets. Addresses not included in these 12 chains or not yet aggregated are not counted.

Source: Public Information