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DYK? @Reddit, akin to @Tesla, has added Bitcoin and Ethereum to its treasury holdings for investment. 🏦
Social Media Platform Reddit Discloses Bitcoin (BTC) and Ether (ETH) Holding in IPO Filing https://t.co/BcblqPzVvq
.@Reddit disclosed in an IPO filing that it invested part of its excess cash into $BTC, $ETH and $MATIC. https://t.co/rHDfVi6pJw
Reddit's IPO plans have sparked reactions from various sources. The CEO was paid $193 million in 2023. The company downplays risks of developer backlash and decentralized social media in its IPO filing. Reddit aims to reward users by selling shares to them. The company's reported $60 million data deal with Google is seen as crucial for its profit and IPO dreams. Reddit's filing highlights risks associated with its popularity among WallStreetBets users.