Reddit Discloses Bitcoin and Ether Holdings in IPO Filing

The company also acquired ether and Polygon “as a form of payment for sales of certain virtual goods.” Reddit said it has invested some of its excess cash in bitcoin (BTC) and ether (ETH) and it also acquired Polygon (MATIC). The disclosure came as part of an IPO filing on Thursday. The San Francisco-based company is hoping to be listed on the New York Stock Exchange in March under the ticker “RDDT.”

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