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Reddit Discloses Bitcoin and Ether Investments In IPO Filing

As part of its IPO filing with the SEC, Reddit disclosed that it has invested some of its excess cash in bitcoin, ether and Polygon. From a report: Based on the document, the firm now holds BTC and ETH in its balance sheet. Notably, Reddit filing came as part of the IPO registration statement with ...

As part of its IPO filing with the SEC, Reddit disclosed that it has invested some of its excess cash in bitcoin, ether and Polygon. According to the document, the social media platform plans to use both Ether and Polygon as a form of payment for digital goods. Also, Reddit disclosed its plans to expand its crypto holding by including other digital assets in its balance sheet.

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