Reddit

Bitcoin

<a href="https://optimisus.com/news/technology/reddit-plans-to-reward-users-for-popular-posts/">Reddit Inc</a> has revealed that it holds Bitcoin and Ether in treasury reserves, with Ether and Matic received as payment for sales of certain virtual goods.   
"We invested some of our excess cash reserves in Bitcoin and Ether and also acquired Ether and Matic as a form of payment for sales of certain virtual goods, which we may continue to do in the future," the social media of the firm said, adding: Ether and Matic received from the sales of virtual goods was not material for the years ended December 31, 2022 and 2023.   
In addition, <a href="https://optimisus.com/news/reddit-digital-collectible-or-nft-minting-reaches-a-record-high/">the company</a> said they also acquired and hold digital assets that are crypto for use by their product and engineering teams, which is limited to specific uses.   
They also added that they acquired digital assets for use by its product and engineering teams. As of December 31, 2023, Reddit did not hold digital assets other than BTC and ETH for treasury purposes.   
Furthermore, the company has experimented with crypto, including tokenized karma in Moons and Donuts for r/ethtrader, and attempted to integrate NFTs. Reddit's advertising revenue for 2023 is $804 million. 
The post <a href="https://optimisus.com/news/crypto-news/reddit-invests-in-bitcoin-and-ether-and-acquires-matic-for-virtual-goods-sales/">Reddit invests in Bitcoin and Ether, and acquires Matic for virtual goods sales</a> appeared first on <a href="https://optimisus.com">Optimisus</a>.

Reddit invests in Bitcoin and Ether, and acquires Matic for virtual goods sales

Optimisus

2024년 2월 23일에 게재된 다른 기사

Whale Activity Sparks Interest in AltLayer’s Launchpool Project on Binance

Grayscale dumps more Bitcoin on Coinbase Worth $175 Million

Newcomer Pixels Plunges 18% Wiping Out Launch Day Profits

DeFi protocol Blueberry pauses lending following mystery exploit

Syscoin Price Prediction 2024, 2025, 2030: Is SYS A Good Investment?

Bitcoin Rebounds from Crucial $50,800 Support Level

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!