Robinhood raises $2 billion in convertible notes as it builds a war chest for its next phase of growth

Robinhood Markets is raising $2 billion through convertible senior notes due 2029, using the proceeds for share repurchases, dilution protection, and strategic acquisitions. The deal arrives as the fintech pursues an aggressive global expansion spanning Canada, Indonesia, and prediction markets, even as Q1 2026 crypto revenue fell 47% year-over-year. The structure signals management confidence in a higher stock price by 2029.