Reddit Reveals Holdings of Bitcoin and Ether in IPO Filing
Reddit disclosed that it allocated a portion of its surplus funds to acquire bitcoin (BTC) and ether (ETH), positioning the company among a select group of firms engaging in direct purchases of digital assets, akin to Michael Saylor’s MicroStrategy and Elon Musk’s Tesla. The online platform filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC) to list on the New York Stock Exchange using the ticker symbol “RDDT.”
