Reddit offloads most of its Bitcoin, Ether holdings
The bulk of Reddit’s cryptocurrency sales came from Bitcoin and Ether holdings, with the company reporting that gains from transactions were insignificant.
https://image.nostr.build/b2ae167df002ad4f4b51459aedcdaa268ba1de16ce259aa1634d7703e1e34adb.jpg
*Reddit's consolidated statements of cash flows in thousands. Source: SEC*
"Surprising move by Reddit! Offloading most of their Bitcoin and Ether holdings suggests they might be taking a more cautious approach to crypto. The fact that gains from transactions were insignificant raises questions about their investment strategy. Was it a move to mitigate risk or just a portfolio rebalancing? Either way, it'll be interesting to see how this affects the crypto market and Reddit's future involvement in the space!
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Your post raises some important questions, and I'm interested in seeing how the conversation unfolds."
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