Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SLOT
  • CASINO
  • SPORTSBET
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SLOT
  • CASINO
  • SPORTSBET
  • SUBMIT
Crypto Flexs
Home»BLOCKCHAIN NEWS»Reddit holds Bitcoin, Ether, and Matic on its balance sheet, according to its IPO filing.
BLOCKCHAIN NEWS

Reddit holds Bitcoin, Ether, and Matic on its balance sheet, according to its IPO filing.

By Crypto FlexsFebruary 22, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Reddit holds Bitcoin, Ether, and Matic on its balance sheet, according to its IPO filing.
Share
Facebook Twitter LinkedIn Pinterest Email

Reddit has acquired major cryptocurrencies, including Bitcoin, for a variety of reasons and has said it has been accepting digital asset payments for limited services since at least 2022.

Social network Reddit holds Bitcoin (BTC), Ethereum (ETH), and Polygon (MATIC), according to its IPO submission to the U.S. SEC on February 22nd. Reddit said it is experimenting with blockchain technology and cryptocurrency tokens. We plan to list under the ticker RDDT and therefore comply with disclosure requirements.

We invested some of our excess cash reserves in Bitcoin and Ethereum, and also acquired Ethereum and Matic as payment for the sale of certain virtual goods. This will continue in the future. Ether and Matic received through the sale of virtual goods were immaterial for the years ended December 31, 2022 and 2023.

IPO SEC Filing

The company also said its product and engineering teams leverage cryptocurrency for specific use cases. Earlier this year, the social media giant confirmed its IPO, scheduled for March. Reddit plans to offer 10% of its shares in 2021 after being valued at $10 billion.

Our users take deep ownership of the communities they create on Reddit. We want this sense of ownership to be reflected in actual ownership. So that our users can become our masters. This becomes possible when it becomes a public enterprise.

Reddit co-founder Steve Huffman

The social network is a hub for blockchain discourse and cryptocurrency alpha, with more than 850 million monthly active users last year. According to a CoinWire report, 80% of cryptocurrency conversations on Reddit in 2023 were positive.

However, the platform has not been without its share of cryptocurrency controversies, as site administrators have received backlash over their decision to end its blockchain-based community points program.

Follow us on Google News

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Investors surpass 640,000 BTC when looking at Bitcoin Holdings with $ 22 million purchases.

September 30, 2025

Hyperliquid launches USDH Stablecoin issued by Native Markets

September 25, 2025

The new gold protocol of the BNB chain is due to the $ 2 million launch day nucleus.

September 20, 2025
Add A Comment

Comments are closed.

Recent Posts

BC.GAME News Backs Deccan Gladiators As Title Sponsor In 2025 Abu Dhabi T10 League

October 6, 2025

Unity modifies mobile games and password wallets that threaten important vulnerability.

October 6, 2025

BitDigital becomes the first public Etherrium for distributing unsecured leverage -details -Details

October 6, 2025

Cango Inc. Announces September 2025 Bitcoin Production And Mining Operations Update

October 6, 2025

Cake Eyes 60% Rally Pancake WAP

October 5, 2025

Bitcoin Pullback — ETFs Drive Capital Flows, Altcoins Like SOL And XRP Boost Investor Returns

October 5, 2025

SHIBA INU (SHIB) and Dogecoin (DOGE) holders are 16,736%of Rally Progast Tempts buyers that are accumulated as Little PEPE (Lilpepe).

October 5, 2025

Solana Future Surge as the institution induces the open interest for the best record.

October 4, 2025

Free bitcoin.in app withdrawal request My satoshi

October 3, 2025

If this happens, you can see a huge price of $ 1.9.

October 3, 2025

Lombard Liquid Bitcoin Summary Summary

October 3, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

BC.GAME News Backs Deccan Gladiators As Title Sponsor In 2025 Abu Dhabi T10 League

October 6, 2025

Unity modifies mobile games and password wallets that threaten important vulnerability.

October 6, 2025

BitDigital becomes the first public Etherrium for distributing unsecured leverage -details -Details

October 6, 2025
Most Popular

BitMEX founder Arthur Hayes says he is bullish on three cryptocurrency strategies for a bull market.

March 20, 2024

Trump plunges into Bitcoin ordinal as NFT ambitions falter

January 19, 2024

Polkadot (DOT) is still in bearish hands. But there is also a silver lining.

June 9, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.