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bitcoin

Bitcoin Corporate Treasury Trend Grows As Robin Energy Commits $5 Million

Ash Tiwari
by Ash Tiwari
9 hours ago
·
Posted in Bitcoin News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Cyprus-based international ship-owning firm Robin Energy today announced the successful conclusion of its initial $5 million Bitcoin (BTC) allocation through Anchorage Digital Bank N.A., as part of its newly adopted treasury framework.

Robin Energy Buys $5 Million Worth Of Bitcoin

According to an announcement made earlier today, Robin Energy has completed its initial $5 million worth of BTC purchase. With this, the Cyprus-based company, which also provides energy transportation services has become the latest firm to leverage digital assets to diversify its portfolio.

Related Reading: Ripple To Offer Bitcoin, Ethereum Custody Services To Spain’s BBVA Bank

Following the development, the firm’s Nasdaq-listed stock RBNE spiked 90%, hitting an intraday high of $4.27 before losing some of its gains. On a year-to-date (YTD) basis, the stock has increased by 106.8%.

yahoo
Source: Yahoo! Finance

It is worth noting that RBNE hit its all-time high (ATH) earlier this year on June 13. However, no specific reason can be found for the same. Commenting on today’s Bitcoin purchase, Petros Panagiotidis, CEO, Robin Energy, said:

We are pleased to have completed the allocation of $5 million to Bitcoin in accordance with our board-approved strategy. We believe in Bitcoin’s unique characteristics as a scarce digital asset and see it as an integral component of our long-term strategy to grow our Company further and drive shareholder value.

Robin Energy’s foray into the cryptocurrency realm is not surprising, as an increasing number of firms are choosing to add leading digital assets like BTC and Ethereum (ETH) to their balance sheets in 2025.

For example, Taiwanese investment firm Sora Ventures recently unveiled a massive $1 billion Bitcoin treasury fund, a first in Asia. At the time, the firm stated that it would use the proceeds from the fund to buy BTC over the next six months.

Similarly, Japanese investment firm Metaplanet also shared plans to double down on BTC recently. Specifically, the firm stated that it will spend as much as $835 million to buy more Bitcoin.

Unsurprisingly, the total amount of BTC held by publicly-listed companies recently crossed one million. Among these companies, US-based Strategy ranks at the top as it alone holds close to 638,000 BTC on its balance sheet.

bitcoin
Source: Coingecko

ETH, A Worthy Challenger To BTC?

Although Bitcoin’s dominance and adoption rate are unquestionable, it appears to be getting serious competition from the second-largest cryptocurrency by market cap, Ethereum. In 2025 specifically, ETH adoption has surged at an unprecedented pace.

Related Reading: SharpLink Doubles Down On Ethereum, Buys Another 56,533 ETH To Enhance Reserves

Asset manager VanEck CEO, Jan van Eck, recently dubbed ETH the “Wall Street token,” thanks to its incredible range of use-cases, including facilitating stablecoin transactions on the Ethereum blockchain.

Similarly, August 2024 saw ETH-based exchange-traded funds (ETFs) attract $4 billion worth of net inflows, while Bitcoin ETFs witnessed net outflows to the tune of $628 million. At press time, BTC trades at $113,930, up 2.7% in the past 24 hours.

bitcoin
Bitcoin trades at $113,930 on the daily chart | Source: BTCUSDT on TradingView.com
Featured image from Unsplash.com, charts from Yahoo! Finance, Coingecko, and TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Ash Tiwari

Ash Tiwari

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Ash is a seasoned freelance editor and writer with extensive experience in the blockchain and cryptocurrency industry. Over the course of his career, he has contributed to major publications, playing a key role in shaping informative, timely content related to decentralized finance (DeFi), cryptocurrency trends, and blockchain innovation. His ability to break down complex topics has allowed both seasoned professionals and newcomers to the industry to benefit from his work. Beyond these specific roles, Ash's writing expertise spans a wide array of content, including news updates, long-form analysis, and thought leadership pieces. He has helped multiple platforms maintain high editorial standards, ensuring that articles not only inform but also engage readers through clarity and in-depth research. His work reflects a deep understanding of the rapidly evolving blockchain ecosystem, making him a valuable contributor in a field where staying current is essential. In addition to his writing work, Ash has developed a strong skill set in managing content teams. He has led diverse groups of writers and researchers, overseeing the editorial process from topic selection, approval, editing, to final publication. His leadership ensured that content production was timely, accurate, and aligned with the strategic goals of the platforms he worked with. This has not only strengthened his expertise in content strategy but also honed his project management and team coordination skills. Ash's ability to combine technical expertise with editorial oversight is further bolstered by his knowledge of blockchain analysis tools such as Etherscan, Dune Analytics, and Santiment. These tools have provided him with the data necessary to create well-researched, insightful articles that offer deeper market perspectives. Whether it’s tracking the movement of digital assets or analyzing blockchain transactions, his analytical approach adds value to the content he produces, ensuring readers receive accurate and actionable information. In the realm of content creation, Ash is not limited to just cryptocurrency markets. He has demonstrated versatility in covering other emerging technologies, market trends, and digital transformation across various industries. His in-depth research, coupled with a sharp editorial eye, has made him a sought-after professional in the freelance writing community. From developing editorial calendars to managing content delivery schedules, he has honed a meticulous approach to project management that ensures timely, high-quality work delivery. Throughout his freelance career, Ash has consistently focused on improving audience engagement through well-researched, insightful, and relevant content. His ability to adapt to the evolving needs of clients, whether it's enhancing the visibility of digital platforms or producing thought-provoking pieces for a wide range of audiences, sets him apart as a dynamic force in the field of digital content creation. His contributions have helped to shape a well-rounded portfolio that showcases his versatility, technical expertise, and dedication to elevating the standards of journalism in blockchain and related sectors.

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