Social media site Reddit sold most of its cryptocurrency holdings in the third quarter

Odaily News According to documents submitted by social media site Reddit to the U.S. Securities and Exchange Commission (SEC), most of its cryptocurrency portfolio has been sold in the third quarter, including the sale of Bitcoin and Ethereum that were previously "used for financial reserves." Reddit said: "We sold most of our cryptocurrency portfolio, mainly Bitcoin and Ethereum, and the net book value of the cryptocurrencies held and the proceeds from the sales were insignificant." Although the amount of cryptocurrency sold is unclear, the time point of the sale is the third quarter ending September 30. (Decrypt)