Reddit Files IPO Application and Plans to Invest in Bitcoin and Ethereum
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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Lock now!
You may also like
Crypto prices
More
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now