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Photo Illustration by Jakub Porzycki/NurPhoto via Getty Images
NurPhoto via Getty Images
DOGECOIN CHAMPION POSTS BLOWOUT EARNINGS
Dogecoin, the $39 billion joke-turned-blue-chip of the meme coin economy, has been on a wild run, up 220% over the past year. That’s a goldmine for Robinhood, whose customers collectively hold 35 billion DOGE, or about 24% of the token’s entire supply. At current prices, that stash is worth $8.8 billion, though it briefly ballooned to $16.4 billion in December.
Crypto has become Robinhood’s cash cow. Q4 results show that digital assets were its top revenue driver, up 700% year-over-year to $358 million, making up 35% of net revenue. For all of 2024, the firm brought in $2.95 billion, while net income soared tenfold to $916 million. And it’s…
