News Explorer — Reddit Adds Bitcoin, Ethereum, and Polygon to Its Balance Sheet Ahead of Its IPO

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Feb 22, 8:56 pm

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Reddit Adds Bitcoin, Ethereum, and Polygon to Its Balance Sheet Ahead of Its IPO

Reddit has disclosed in a filing with the Securities and Exchange Commission that it has added Bitcoin and Ethereum to its balance sheet as part of its preparations to go public. The filing also revealed that Reddit has invested in Polygon to use as a form of payment for virtual goods. However, the filing did not disclose the specific amount of cryptocurrency investments made by Reddit.

Reddit has disclosed in a filing with the Securities and Exchange Commission that it has added Bitcoin and Ethereum to its balance sheet as part of its preparations to go public. The filing also revealed that Reddit has invested in Polygon to use as a form of payment for virtual goods. However, the filing did not disclose the specific amount of cryptocurrency investments made by Reddit.

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