Robinhood Drops $750K in Bitcoin During Holiday Giveaway

2025-12-28 16:53:21

Abstract generation in progress

Users flocked to claim $750K in Bitcoin, but app glitches left many frustrated and locked out of prizes.
Robinhood mixed crypto with luxury prizes like Rolexes and Hawaii trips, sparking social media buzz.
HOOD stock fell 1.92%, underperforming the market, while analysts remain divided on its outlook.

Robinhood set off a frenzy on Saturday by rewarding $750,000 worth of Bitcoin free to its clients, which marked the second day of its festive ‘HOOD Holidays.’ The rewards were preceded by a first-day reward of $500,000 worth of Dogecoin, as well as ‘luxury prizes,’ and were accompanied by only five minutes of chances through which participants could have access.

However, things took a turn for the worse rather quickly. Users reported crashes on the app, blank screens, and notifications saying they had “missed the rewards” when they were right in the middle of attempting to claim them. Thus, what was supposed to be a celebratory crypto day for all became a challenge to the robustness of the Robinhood app.

Apart from Bitcoin, there are other prizes that were offered by Robinhood. These included luxury items such as Rolex watches, Apple AirPods, as well as a trip to Hawaii. According to WOLF Financial, there were five individuals that won a trip for two to Hawaii, while 1,000 others won Away suitcases.

Having these glittering prizes in this giveaway of crypto helped blur any line there might have been between this and luxury giveaways, and as such, there was significant buzz associated with social media postings by these users.

Stock Performance Amid the Giveaway

Despite the festive promotions, Robinhood’s stock (HOOD) did not share the holiday cheer. Robinhood’s stock ended the day at $118.13, down 1.92%, dropping more than the S&P 500, which barely moved at 0.03%.

Over the past month, HOOD lost 6.05%, even though the finance sector went up 4.37% and the S&P 500 rose 2.57%. Analysts are split on where the stock is headed. Brian Bedell at Deutsche Bank still recommends buying, and he raised his price target from $150 to $160.

Carter Worth, citing the stock’s dramatic rise from $29.66 in April to $153.86 in October, warns of a possible “bullish-to-bearish” reversal and projects a decline toward $100.

IN-4,92%

BTC0,06%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.