Robinhood launches a $1.5 billion buyback, Public opens crypto IRA, BitGo enters the prediction market

According to BBX data, global listed companies made significant progress yesterday in the fields of crypto retail entry and institutional tooling, with the following key data:

• $1.5 billion buyback: Robinhood (NASDAQ: $HOOD) board approved a stock buyback plan of up to $1.5 billion yesterday. This move is seen as a strong endorsement from management regarding the long-term profitability of its crypto business, as its crypto trading operations contributed nearly 40% of revenue growth over the past year.

• The era of crypto pensions: Public.com officially announced yesterday the launch of BTC, ETH, and SOL trading in its IRA (Individual Retirement Account). The platform uses an AI investment assistant to guide users in long-term allocations, marking a significant step as crypto assets accelerate their penetration into the trillion-dollar U.S. pension market.

• Institutional prediction markets: BitGo Prime (NYSE: $BTGO) partnered with Susquehanna yesterday to launch an institutional-grade prediction market trading gateway. This service allows qualified institutions to use digital assets as collateral to hedge against global macro events and election outcomes.

• 24/7 cross-border trading: OKX launched stock perpetual contracts for overseas compliant institutions yesterday, covering core coin stocks including MSTR and COIN. With 5x leverage and USDT settlement, the platform aims to transmit the liquidity premium of the crypto market to traditional equity assets.

• Valuation defense line: Nu Holdings (NYSE: $NU) disclosed yesterday that its crypto treasury maintained a book value of $250 million amid volatility. Although its stock price slightly adjusted by 3.1% yesterday due to sector fluctuations, its digital asset penetration rate in Latin America has reached a new high.