Reddit, one of the world’s largest social media platforms, used some of its balance sheet to purchase Bitcoin (BTC) and Ethereum (ETH).
Social media giant is listed on the New York Stock Exchange to go public filed an application with the US Securities and Exchange Commission (SEC).
In documents submitted to the SEC, Reddit stated that some of the cash on its balance sheet To buy Bitcoin and Ethereum He stated that he used . Additionally Polygon (MATIC) Reddit also purchased Polygon with Ethereum “a type of payment for the sale of certain virtual goods” He announced that he purchased it as.
While Reddit does not disclose how much it has invested in cryptocurrencies, its value “insignificant” He added that it was in size.
In documents filed with the SEC, “We hold cryptocurrencies and experiment with blockchain technology, which may subject us to exchange risk and additional tax, legal and regulatory liabilities.” It was said.