Reddit sold the majority of its crypto holdings, including Bitcoin and Ethereum, just before a major price increase in October.
The sale was labeled "irrelevant" in Reddit's 10-Q filing, with limited details disclosed about the amounts sold.
Reddit has a history of crypto experimentation, from accepting Bitcoin for premium memberships to exploring NFTs and blockchain-based community points.
The recent cryptocurrency sale highlights Reddit's cautious approach despite the growing value of digital assets.