$MATIC

Reddit Discloses Holding Bitcoin and Ether in IPO Filing

The social media platform submitted a filing on Thursday to go public under the ticker symbol “RDDT.”

As part of the filing, the social media platform also disclosed that it invested part of its excess cash in bitcoin (BTC) and ether (ETH). It also said that it purchased ether and Polygon (MATIC) “as a form of payment for sales of certain virtual goods.”