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Robinhood Identified as Third Largest Bitcoin Holder with $3 Billion

Blockchain intelligence firm Arkham has identified Robinhood, a retail trading giant, as the third largest holder of Bitcoin. The firm has "deanonymized" blockchains by identifying and labeling addresses through on-chain analysis. Robinhood's Bitcoin address, previously unidentified, is now the third biggest in the world after crypto exchanges Binance and Bitfinex. The wallet began accumulating in mid-May and currently contains 118,300 BTC worth $3,066,545,354.

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