Reddit's Treasury Takes a Crypto Turn with Bitcoin and Ethereum
Key Takeaways Reddit has been diversifying its treasury by strategically investing in Bitcoin and Ethereum since 2022. Reddit is also actively engaging with blockchain technology for operational purposes, such as using Ethereum and Polygon for transactions involving virtual goods. The company's venture into cryptocurrencies aligns with its broader strategic goals, including preparations for a public offering.
Key Takeaways
- Reddit has been diversifying its treasury by strategically investing in Bitcoin and Ethereum since 2022.
- Reddit is also actively engaging with blockchain technology for operational purposes, such as using Ethereum and Polygon for transactions involving virtual goods.
- The company's venture into cryptocurrencies aligns with its broader strategic goals, including preparations for a public offering.
