Robinhood (HOOD) shares enjoyed a positive start to the New York trading session today after the multi-asset exchange announced a $1.5bn share buyback plan alongside a $3.3bn institutional loan from JPMorgan Chase.
Robinhood Shares Advance 8% on Buyback Plan, JPMorgan Loan
25 March 2026 - 21:00 CET
The revolving credit facility represents a $600mn increase from a previous $2.7bn arrangement with an option for a further increase to $4.9bn, according to a filing with the Securities and Exchange Commission (SEC).
Boosting investor morale
The buyback is planned to be completed over the next three years and is aimed at boosting investor confidence, the company said.
Buoyed by the news, shares of HOOD opened 4% higher ($69.07 vs $71.82) and continued to rise during the first hours of trading, peaking as high as $73.58 at 15:00UTC - a 3.8% gain on the day and an 8.0% bump from yesterday's close. At 19:55UTC, sellers had taken the upper hand and pushed the price back down to around $72.80.
The positive upturn comes despite cryptocurrency revenue for the firm tumbling nearly 40% in the fourth quarter of 2025. The share price is now down more than 50% from an all-time high of $153.86 in October 2025 as cryptocurrency trading volume continues to suffer from ongoing volatility in digital assets.
Tokenization pivot targets fresh liquidity
Cryptocurrency firms have been struggling to find their footing after the market crash last year. Several operators including Robinhood are betting on real-world tokenization to draw liquidity from other financial markets into digital assets.
A tokenization-focused secondary blockchain called the Robinhood Chain is currently being built by the company as it tries to catch up with the Base network from Coinbase (COIN). The new network is expected to go live later this year and will cater to equities, exchange-traded funds and other traditional assets, according to the SEC filing.
