Robinhood shares closed up 6.12% Wednesday at $97.98, approaching the $100 mark for the first time and capping a week of new all-time highs. According to CNBC, the stock has risen by over 30% since its exclusion from the S&P 500. Investor optimism was fueled by the company’s ambitious crypto strategy in Europe, where executives announced plans to bring thousands of tokenized stocks, ETFs, and private equities fully on-chain. CEO Vlad Tenev emphasized the potential of merging crypto tech with traditional finance, revealing that Robinhood is building its blockchain and offering tokenized shares of OpenAI and SpaceX to European users. The company also launched staking in the U.S. and reported 50% year-over-year revenue growth in the first quarter.
