According to Decrypt, documents submitted by the social media site Reddit to the U.S. Securities and Exchange Commission (SEC) indicate that it has sold off most of its cryptocurrency portfolio in the third quarter, including Bitcoin and Ethereum, which were previously "used for financial reserves." Reddit stated: "We have sold most of our cryptocurrency portfolio, primarily consisting of Bitcoin and Ethereum, and the net carrying value of the cryptocurrencies we held and the gains from the sale are both insignificant." While the exact amount of cryptocurrency sold remains unclear, the sale occurred before the end of the third quarter on September 30.

According to Decrypt, documents submitted by the social media site Reddit to the U.S. Securities and Exchange Commission (SEC) indicate that it sold off the majority of its cryptocurrency portfolio in the third quarter, including Bitcoin and Ethereum that were previously "held for financial reserves." Reddit stated, "We sold off most of our cryptocurrency portfolio, primarily consisting of Bitcoin and Ethereum, and the net book value of the cryptocurrencies held and the gains from the sales are inconsequential." Although the exact amount of cryptocurrency sold remains unclear, the sales occurred in the third quarter ending September 30.

Reddit has sold off most of its held cryptocurrencies in the third quarter.