Petrochemical shipping company Robin Energy acquires Bitcoin for $5 million for the first time, shares soar 90%
Source: CoinWorld
Time: 2025-09-10 22:58:42
Robin Energy (RBNE) has completed its first $5 million Bitcoin allocation and has adopted a funding strategy to target up to 50% of its long-term cash reserves to Bitcoin. The Nasdaq-listed stock soared more than 90% intraday to $4.27 before ending up 45% at $2.78. CEO Petros Panagiotidis highlights the role of Bitcoin as a scarce digital asset in long-term growth and shareholder value. The purchase is performed by Anchorage Digital Bank.