Robinhood (HOOD) lifts buyback program to $1.5 billion
Robinhood's board approved a new $1.5 billion share repurchase program amid a significant downtrend in its stock price.Summary
Robinhood's board has approved a new $1.5 billion share repurchase program, adding over $1.1 billion to its existing buyback capacity. The company expects to execute this plan over approximately three years, beginning in the first quarter of 2026, although it is not obligated to purchase a fixed amount. This action follows a significant decline in Robinhood's stock value—more than 50% since Bitcoin peaked in early October—despite the stock benefiting from the crypto trading boom last year. Concurrently, Robinhood strengthened its funding access as its subsidiary, Robinhood Securities, updated its credit agreement, expanding its revolving credit facility to $3.25 billion, with an option to increase total commitments further.
(Source：CoinDesk)