Reddit plans to enter an IPO and holds some cryptocurrencies on its balance sheet

23.02.2024
23.02.2024

Reddit filed IPO forms indicating that the company was holding a portion of its reserves in BTC and ETH. The company also purchased some ETH and MATIC as a form of payment for the sale of certain virtual goods.

It is worth noting that the net book value of BTC and ETH is very low and cannot even be documented.

Reddit previously launched NFT avatars on Polygon and a Community Points program (which was shut down).Our Social Networks :
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