HOOD Stock: Robinhood Markets Inc. (NASDAQ: HOOD) has captured Wall Street’s attention this week as its stock surged to a four-year high, riding a wave of optimism following the company’s acquisition of global cryptocurrency exchange Bitstamp.
On Tuesday, Robinhood shares closed at $71.72, up 5.5% for the day and marking their highest level since 2021. Intraday, HOOD briefly hit $72.72, just shy of its all-time high set shortly after its IPO.
The boost in share price follows the completion of Robinhood’s long-awaited Bitstamp acquisition, a move that signals a significant expansion of the company’s crypto capabilities.
The deal gives Robinhood access to over 50 active crypto licenses and a diversified customer base across the United States, European Union, United Kingdom, and Asia. This strategic acquisition positions Robinhood to serve both retail and institutional investors, moving well beyond its original app-based brokerage model.
Johann Kerbrat, General Manager of Robinhood Crypto, described the acquisition as “a major step in growing our crypto business.” He praised Bitstamp’s global reputation for trust, resilience, and compliance, noting that it will help Robinhood offer a safe and seamless trading experience across multiple geographies.
JB Graftieaux, Bitstamp CEO, added that the partnership would enhance Robinhood’s platform with institutional-level tools such as lending, staking, and crypto-as-a-service offerings.
The market clearly responded positively. Year-to-date, Robinhood stock is now up 87.23%, and its one-year growth stands at a staggering 242.97%.
Over the past month alone, HOOD has gained more than 50%, while its six-month performance reflects an 82% rise. These numbers highlight investor confidence in Robinhood’s long-term strategy, particularly as it pivots toward the booming digital asset space.
The timing of the Bitstamp acquisition couldn’t be better. The cryptocurrency market has been experiencing a strong resurgence, with assets like Bitcoin recently hitting fresh highs.
This sector momentum, combined with Robinhood’s expanding revenue from crypto and stock trading, has allowed the company to outperform broader market benchmarks and tech peers. In Q1, Robinhood’s profits more than doubled year-over-year, driven by a 77% increase in trading activity.
Analysts are now pointing to Robinhood as a growth stock to watch in 2025. Its aggressive expansion, strong user growth, and ability to tap into both younger retail investors and seasoned institutional clients are making it a rare hybrid in the financial tech space.
The company’s strategic acquisition spree also includes moves into Canada and other international markets, broadening its global footprint.
While the stock’s past volatility has made some investors cautious, recent developments suggest that Robinhood may be entering a new phase of maturity and performance.
With regulatory clarity improving and crypto adoption growing, the company is uniquely positioned to capitalize on multiple financial trends at once.
As always, investors should conduct their own research or consult a financial advisor before investing. But the data doesn’t lie: Robinhood is back in the spotlight—and this time, it might be for good.