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The sale of Reddit’s crypto holdings marks a shift away from blockchain and digital asset initiatives that have defined its recent history.
Reddit, a pioneering social media force for crypto engagement and arguably the most popular discussion forum, offloaded a substantial portion of its virtual asset holdings in the third quarter of 2024.
In its latest regulatory filing, the company revealed that it sold most of its Bitcoin (BTC) and Ethereum (ETH) treasury assets, generating $6.87 million.

The tidy sum raked in from the sale helped Reddit turn a profit for the first time in its 19-year existence, amounting to just under $30 million.