ACCORDING TO IPO FILING, REDDIT POSSESSES BITCOIN (BTC) AND ETHER (ETH) IN ITS HOLDINGS

Plus BY: NEWSWELCOME.COM FEBRUARY 24, 2024

7

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6

[{"selector":"#anim-c852733d-a9ee-42ae-9c73-e0bf6617827d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.247656136211504%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-f58d0046-18c2-4fec-a1b2-589bdce56867","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-218202f3-9173-4a3d-a5ac-21178d3dcc8e","keyframes":{"transform":["translate3d(0px, 261.04081%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d3e93154-a29e-4607-bc13-111f08226c79","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-82f06e2e-f26f-4316-9002-df5433178e23","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-394e4327-406c-49d2-8913-ee28bb956214","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-dd830c89-04f4-4b4e-88ad-c8def2d56007","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The company filed for IPO under the ticker "RDDT" and is expected to start trading on NYSE in March.

5

[{"selector":"#anim-5517c0d5-47c1-4167-8276-b304a0331b0f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-28.90624987200394%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-97be6298-61ef-4884-af40-e9be24cc4d43","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fbecf22d-4ba4-49d5-aa21-fac971cd9c3f","keyframes":{"transform":["translate3d(0px, 261.04081%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-099cf45e-8931-44a8-b242-572459a8274a","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-05cc75cc-efd6-47d2-aab4-fff103e11329","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-51a503fc-2c54-436c-b41c-0451ce91f47b","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-f9429e3d-b8a0-4875-9437-47f96c3f2d60","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Co-founder Steve Huffman stated they are going public to strengthen the company's mission.

4

[{"selector":"#anim-f4bac461-2dd8-43e8-8175-1347d8a9171b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(12.514648210040342%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-832baed5-41c4-408a-981d-0bef08572f67","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-488f2ae3-8ac5-49a7-ab63-562252b8fbe8","keyframes":{"transform":["translate3d(0px, 156.22897%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-03293e4e-ca01-4ece-a5b2-bc9ee9a5b67f","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-f422a3c7-8bd5-4eca-b383-b169146bcce4","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-76015c2e-5787-4a4f-921d-0013cb2a1818","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-2956107d-c37d-4911-8301-01e7d9da015b","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Polygon (MATIC) was also mentioned in the filing, indicating Reddit's involvement with cryptocurrencies beyond BTC and ETH.

3

[{"selector":"#anim-c5d17991-d9a5-4255-80df-6385e7956ae4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-14.843749786673241%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-2fb81898-889f-4f22-988d-544189be1f20","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2681498f-b102-41ac-b196-be947074b0fd","keyframes":{"transform":["translate3d(0px, 194.54930%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5d928fbd-2222-43c1-b0a3-a1297e0bf5a2","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-aba1a6cc-3932-4a76-a027-66b9d7b4d20d","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-7ff8d660-53d0-4a8e-91b1-9b97fde1abd7","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-2af1407c-71cb-4593-8bb8-2b5865f1bce7","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Holding cryptocurrencies exposes Reddit to exchange risks and additional tax, legal, and regulatory requirements.

2

[{"selector":"#anim-96de47ed-25e8-44f6-9b68-a72190ca0979 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(14.843749786673241%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-ae00763c-2cf5-4d1e-a89c-4454d2af71f8","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3e87dc0b-cd8c-46dd-bcf0-a8b934b956b2","keyframes":{"transform":["translate3d(0px, 261.04081%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e596bd7a-5814-4415-99f3-3bb676484fa2","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-dd8ea186-358c-4486-b98d-c5a4415c6dc2","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-56a07843-d69a-4a92-ad8c-04fec95346ac","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-0c355572-ed94-451d-b005-59c45a5985e8","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The news of Reddit holding BTC and ETH briefly boosted sentiment in the crypto markets.

1

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