Robinhood Distributes $750,000 in Bitcoin on Day Two of Holiday Promotion

Summary: Robinhood has kicked off its holiday countdown promotion by giving away $750,000 in Bitcoin on the second day, following an initial $500,000 in Dogecoin on the first day. While the initiative aims to drive user engagement through exciting rewards, technical glitches have marred the experience. Analysts remain divided on the company’s stock trajectory amidst these developments.

Key Takeaways

Holiday Promotion: On the second day of its holiday campaign, Robinhood distributed $750,000 worth of Bitcoin to users.
Initial Offering: The campaign began with a giveaway of $500,000 in Dogecoin on its first day.
Expanded Prizes: Along with digital assets, Robinhood introduced premium physical prizes, including vacation packages to Hawaii.
Technical Glitches: Some users experienced issues like blank screens when trying to claim rewards, causing frustration during the limited redemption windows.
Mixed Analyst Opinions: Wall Street remains split on Robinhood’s stock performance, with some analysts remaining bullish while others warn of potential declines.

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Holiday Campaign Highlights

Robinhood has extended its holiday countdown promotion into a second day, giving away $750,000 worth of Bitcoin to its users. This follows the successful start of the promotion on Friday, which featured a giveaway of $500,000 in Dogecoin for eligible users. By shifting their focus from Dogecoin to Bitcoin on day two, Robinhood has opted for a more substantial reward.

In addition to digital currencies, Robinhood has broadened the appeal of its giveaways by introducing luxurious physical prizes, such as vacation packages to Hawaii and premium suitcases from Away. By combining financial rewards with high-end experiences, Robinhood aims to maintain enthusiasm and user participation throughout the holiday season. This strategy aligns with the company’s historical approach of using incentives to foster activity across its trading platform, which includes stocks, options, and cryptocurrencies.

Technical Issues During the Giveaway

Despite the excitement surrounding the campaign, it faced issues right from the start. On day one, users encountered technical difficulties while attempting to claim their rewards, including blank screens and frustratingly long loading times. These bugs were particularly troublesome, as the campaign had a limited five-minute window for claiming prizes. As of now, Robinhood has not provided any feedback to users experiencing these issues.

One user expressed their frustration on social media: “Hey @RobinhoodApp – what gives? I joined today’s countdown and was given a blank screen, couldn’t get into the countdown. I was waiting minutes before the countdown and still couldn’t get it.”

Stock Performance and Market Reactions

While Robinhood's promotion generated excitement among users, the company's stock performance has shown a different trend. On Friday, shares of Robinhood (HOOD) closed at $118.13, marking a decline of 1.92%, underperforming the overall market. In comparison, major indices like the S&P 500, Dow Jones, and Nasdaq experienced smaller dips.

This latest drop is part of a broader decline; HOOD shares have fallen 6.05% over the past month, contrasting with gains in the finance sector and the S&P 500.

Analysts Reflect on Future Prospects

In light of these developments, analysts on Wall Street remain divided about Robinhood's future. Deutsche Bank analyst Brian Bedell maintains an optimistic outlook, reaffirming a “Buy” rating and increasing his price target to $160. According to TipRanks, Bedell has demonstrated a 61.8% success rate with an average return of 19.4% over the past year.

Conversely, technician Carter Worth has expressed concerns about the stock's momentum, suggesting that it could potentially drop to the $100 mark. Robinhood's share price has exhibited significant volatility throughout 2025, dropping to a low of $29.66 in April before surging to $153.86 in October, representing a remarkable 419% increase in just six months. However, recent softness in the stock has reignited discussions about whether this upward momentum can continue.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. The views expressed herein may reflect the author’s opinions and do not represent The Crypto Basic's perspective. Readers should conduct their research before making any investment decisions. The Crypto Basic is not liable for any financial losses incurred.