Robin Energy allocates $3 million to bitcoin through Anchorage Digital

Robin Energy Ltd. (NASDAQ: RBNE) completed a $3 million bitcoin allocation using Anchorage Digital Bank N.A. as its custodian partner, the Cyprus-based shipping company announced.

The allocation represents the initial implementation of Robin Energy's board-approved bitcoin treasury strategy. The company stated it plans additional bitcoin purchases as part of its initial allocation, with timing dependent on market conditions and operational efficiency.

Anchorage Digital Bank is the first federally chartered digital asset bank that meets the SEC's qualified custodian definition under Rule 206(4)-2 of the Investment Advisers Act. The bank provides custody services for institutional investors and SEC-registered investment advisers.

"This swift allocation through Anchorage Digital Bank represents the initial implementation of our Company's comprehensive Bitcoin treasury framework demonstrating our team's execution capability, diligence and commitment to implementing board-approved strategies through the most secure and institutionally robust channels," said Petros Panagiotidis, Chairman and Chief Executive Officer of Robin Energy.

Robin Energy operates as an international ship-owning company providing energy transportation services globally. The company owns one Handysize tanker vessel and one LPG carrier that transport petrochemical gases and refined petroleum products worldwide.

The information was disclosed in a company press release statement.

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