Reddit Files IPO Application and Plans to Invest in Bitcoin and Ethereum

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2024/02/22 20:55

American social media platform Reddit has filed for an initial public offering (IPO) on the New York Stock Exchange. The company has also stated its intention to invest a portion of its excess cash in Bitcoin and Ethereum, with the possibility of continuing such investments in the future. It is reported that Tencent holds 6.4% of the company's Class A shares, while OpenAI founder Sam Altman holds 4.5% of the Class A shares.

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