Key Notes
Energy transportation company Robin Energy strategically allocated $5 million to Bitcoin for treasury diversification purposes.
Stock price jumped from $1.90 to an intraday peak of $4.20 before settling at $2.30, reflecting high market volatility.
The firm becomes the 110th public company to hold Bitcoin reserves as part of its long-term financial strategy.
Robin Energy Ltd. (NASDAQ: RBNE) has completed its initial allocation of $5 million in Bitcoin BTC $113 851 24h volatility: 2.3% Market cap: $2.27 T Vol. 24h: $51.55 B on September 10, confirming a strategic pivot in treasury management for the international energy transportation company.
The firm executed this allocation through Anchorage Digital Bank N.A., following the board’s approval a