"Reddit's IPO Filing: Bitcoin and Ether Holdings, CEO's Potential Millions, and Revenue Growth Revealed"

Reddit has disclosed in its IPO filing with the SEC that it holds bitcoin and ether as part of its excess cash investments, and has also acquired ether and Polygon as a form of payment for certain virtual goods. The company aims to go public on the New York Stock Exchange under the ticker symbol “RDDT” and expects to begin trading in March. Reddit's move to invest in digital assets comes as it seeks to become a publicly traded company, with the firm reporting $804 million in sales in 2023 and a total of $1.6 billion in assets, including $1.3 billion in cash.