Reddit Adds Bitcoin, Ethereum, and Polygon to Balance Sheet, SEC Filing Shows

Reddit has made a significant move in the cryptocurrency space by adding Bitcoin (BTC), Ethereum (ETH), and Polygon (MATIC) to its balance sheet, per SEC filing. This decision reflects the platform's diversification strategy and its acknowledgment of cryptocurrencies as valuable assets. The inclusion of these cryptocurrencies, particularly Ethereum, aligns with the thesis that it is becoming an institution-friendly asset. The move has sparked discussions among users and investors, with some expressing enthusiasm for Reddit's bold step into crypto investments.