Reddit's Crypto Investment Strategy Unveiled in IPO Filing

Feb 23, 2024

Reddit's Crypto Investment Strategy Unveiled in IPO Filing
Reddit's Crypto Investment Strategy Unveiled in IPO Filing
Reddit's Crypto Investment Strategy Unveiled in IPO Filing

Reddit has revealed in its IPO filing with the Securities and Exchange Commission (SEC) that it has invested a portion of its surplus cash into bitcoin and ether. Additionally, the social media giant disclosed that it obtained ether and Polygon (MATIC) as payment for certain virtual goods sales. Reddit stated its intention to potentially pursue this investment strategy going forward.