Robin Energy Allocates $5M Bitcoin Reserve Strategy

Download IPFS

Robin Energy Ltd. (RBNE) has announced its board of directors has unanimously approved the use of bitcoin as a primary treasury reserve asset, initiating a $5 million allocation to the cryptocurrency.

The Cyprus-based shipping firm, which provides international energy transport services, said this initial investment is part of a broader bitcoin treasury strategy. The plan could eventually see up to 50% of its long-term cash reserves allocated to the digital asset. Future purchases will be conducted through dollar-cost averaging, according to a company statement.

“Our Board’s endorsement of Bitcoin as a treasury reserve asset represents a carefully considered strategic decision to optimize our balance sheet for long-term value creation,” said Petros Panagiotidis, chairman and CEO of Robin Energy.

The company clarified that all bitcoin acquisitions will be funded through existing cash reserves, with no impact on its operational liquidity or planned growth initiatives. Robin Energy also confirmed that qualified digital asset custodians will be used for both purchase and storage.

Robin Energy currently owns two vessels: one Handysize tanker and one LPG carrier, both used for transporting petrochemical gases and refined petroleum products across international routes.

The board emphasized that while the initial investment is $5 million, future allocation amounts and timing will depend on market conditions, operational needs, and the availability of custodial services.

The move aligns with a growing global trend of companies using bitcoin as a hedge against currency devaluation or as a long-term asset, though such strategies remain uncommon in the shipping sector.