House of Doge partners with Bitstamp by Robinhood for treasury custody

MIAMI - House of Doge, the official corporate arm of the Dogecoin Foundation, announced Tuesday a partnership with Bitstamp USA Inc., designating Bitstamp by Robinhood (NASDAQ:HOOD) as the trading venue for the Official Dogecoin Treasury. Robinhood, currently trading near its 52-week high of $117.70, has seen its stock surge over 214% year-to-date, according to InvestingPro data.

The treasury, recently established with CleanCore Solutions, Inc. (NYSE American:ZONE), aims to provide long-term stability and transparency for the Dogecoin ecosystem. Under this arrangement, treasury assets will be held on Bitstamp by Robinhood’s platform. With a market capitalization of $104.22 billion and impressive revenue growth of 59.38%, Robinhood continues to strengthen its position in the crypto trading space.

"With one of the strongest regulatory track records in crypto, we’re proud to provide a secure and trusted platform to help grow the Dogecoin ecosystem," said Nicola White, VP of Crypto Institutions at Robinhood.

Marco Margiotta, CEO of House of Doge, stated, "By securing the Official Dogecoin Treasury with Bitstamp by Robinhood, we’re not just safeguarding assets, we’re laying the groundwork for a Dogecoin financial ecosystem."

The partnership follows recent developments at House of Doge, including licensing agreements and product partnerships intended to expand Dogecoin utility in consumer and enterprise markets.

Bitstamp by Robinhood, operating since 2011, holds regulatory licenses in multiple jurisdictions, including a BitLicense in New York and a Virtual Currency License in Louisiana. The exchange has received nine consecutive AA ratings in CCData’s Exchange Benchmark report.

This information is based on a press release statement from CleanCore Solutions, Inc. Trading at a P/E ratio of 57.71, InvestingPro analysis suggests Robinhood is currently overvalued relative to its Fair Value. Discover more insights and 12 additional ProTips for HOOD with an InvestingPro subscription.

In other recent news, Robinhood Markets reported a significant 106% year-over-year growth in total platform assets, reaching $298 billion at the end of July 2025. The company also experienced a 7% increase in platform assets from June and added approximately 160,000 new customers in July, contributing to a total of 26.7 million funded customers. Net deposits for July were $6.4 billion, reflecting a 28% annualized growth rate. Additionally, Robinhood launched new football prediction markets on its platform, integrating them into the Prediction Markets Hub for pro and college football games.

Cantor Fitzgerald has raised its price target for Robinhood to $128, citing strong July operating data with equity volumes and option contracts breaking previous monthly records. Mizuho also increased its price target to $120, highlighting the strong user growth, with funded accounts rising by 750,000 quarter-over-quarter. Compass Point reiterated its Buy rating and a $105 price target, emphasizing the effectiveness of Robinhood’s promotional strategy. These developments indicate a positive outlook from analysts regarding Robinhood’s growth and strategic initiatives.

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