Overview
- Robin Energy completed the initial Bitcoin buy on September 10 as part of a treasury diversification plan.
- Shares jumped nearly 100% intraday above $4.20 on heavy volume before closing about 20% higher at $2.30.
- CEO Petros Panagiotidis said Bitcoin’s scarcity and digital nature align with the firm’s long-term growth goals.
- Management said it will monitor market conditions and may adjust the allocation over time.
- Coverage places the company among public firms with Bitcoin treasuries, with one report citing it as the 110th.