Reddit Sold Majority of Its Bitcoin Before Uptober Price Surge

According to a new filing, Reddit sold most of its crypto holdings in Q3 2024. The company held crypto assets consisting of Bitcoin and Ethereum for treasury purposes, which was revealed after it went public in February. Although described as immaterial, these digital assets were purchased with excess cash at the time. Institutional investors increased […] source: https://zycrypto.com/reddit-sold-majority-of-its-bitcoin-before-uptober-price-surge/