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Invezz 2024-02-23 10:58:21

Reddit discloses Bitcoin and Ether purchases using excess cash reserves

Popular social platform Reddit invested its excess cash by buying small amounts of Bitcoin (BTC) and Ether (ETH). In a filing with the US Securities and Exchange Commission (SEC), Reddit described its crypto investments as “immaterial.” Reddit added: The net carrying value of our cryptocurrencies, which consisted primarily of Bitcoin and Ether, as well as

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