Reddit has invested in crypto: the beginning of a new crypto wave?

[Vincom]

The crypto landscape is evolving beyond individual investors, as public companies like MicroStrategy and Tesla have openly declared their Bitcoin holdings. However, private companies often remain silent, keeping their crypto investments undisclosed.

While some, like Mt. Gox and Block.one, have made their Bitcoin stashes public, this information might only represent a fraction of the true picture^[1]. This lack of transparency raises the question: how many undisclosed private company holdings are influencing the market?

A recent SEC filing shed some light on this phenomenon. Reddit, on the verge of going public, disclosed its holdings in BTC, ETH, and MATIC. While the specific value remains unknown, this disclosure highlights the growing institutional interest in crypto.

“We also acquired and hold digital assets that are cryptocurrencies for use by our product and engineering teams, which is limited to specific uses,” the company stated^[2].

I think this revelation, while surprising, aligns with Reddit's cautious approach towards crypto due to the evolving regulatory environment. Their focus on established crypto like BTC and ETH suggests a strategic investment rather than a speculative one.

While Reddit's move legitimizes crypto for mainstream investors, it also sparks a crucial question: what percentage of crypto is held by undisclosed private companies, and in what value? The uncertainty surrounding the ownership of the top 100 richest Bitcoin addresses^[3], potentially containing company reserves, further fuels this doubt.

With millions of private companies globally^[4], even a small portion holding crypto could represent a significant chunk of the total supply. This raises concern about their potential impact on market volatility through on-chain data like "Whale Activities" or "Whale Shadows."

I'd like to hear your opinion on this issue:

• Does Reddit's crypto investment surprise you?
• Do you believe other private companies are holding undisclosed crypto?
• Is the potential concentration of crypto in corporate reserves beneficial or detrimental to crypto market?

References:
[1] Bitcoin Treasuries
[2] Reddit Is Invested In Bitcoin and Ethereum, SEC Filing Shows
[3] Top 100 Richest Bitcoin Addresses
[4] Our global data: Companies

[batang_bitcoin]

1. Not really because I think there was some news before that they're into crypto but not specifically in Bitcoin or any other altcoin.
2. Possible.
3. Beneficial of course because they add volume and demand to the market.

[Bureau]

1. There are few subreddits that have their own crypto that are being traded in the market. This news of Reddit holding crypto doesn't shock me.
2. Yeah, there is a possibility.
3. I cannot comment anything about its benefits as these companies don't directly invest in cryptocurrency they use intermediaries to invest in them.

[shinratensei_]

There many companies that actually invest in crypto currencies i think general majority of us have figured it out in the previous bullrun where many companies just invested in crypto.
for the second question, im pretty sure if a large corporations have investing department in it there's big fat chance that they will also invest in crypto these department usually take example
of a big successful investment fund management companies like probably greyscale and so on and they will definitely follow that path though some corporations just focused on acquiring another smaller company.
for the third question it really is hard to determine though remember tesla cashing out after purposefully "invest" in crypto back then it kinda shake the market, if the company is always making a fuss like that whenever they try to withdraw their investment it will definitely shake the market a bit but we all know something like that is already ineffective for most of us we will still hold and will never panic selling, it could be beneficial and could be harmful depends on the time, after all they need to sell their investment too at some point to improve company cashflow if needed.

[Iamcrypticguy]

The crypto landscape is evolving beyond individual investors, as public companies like MicroStrategy and Tesla have openly declared their Bitcoin holdings. However, private companies often remain silent, keeping their crypto investments undisclosed.

While some, like Mt. Gox and Block.one, have made their Bitcoin stashes public, this information might only represent a fraction of the true picture^[1]. This lack of transparency raises the question: how many undisclosed private company holdings are influencing the market?

A recent SEC filing shed some light on this phenomenon. Reddit, on the verge of going public, disclosed its holdings in BTC, ETH, and MATIC. While the specific value remains unknown, this disclosure highlights the growing institutional interest in crypto.

“We also acquired and hold digital assets that are cryptocurrencies for use by our product and engineering teams, which is limited to specific uses,” the company stated^[2].

I think this revelation, while surprising, aligns with Reddit's cautious approach towards crypto due to the evolving regulatory environment. Their focus on established crypto like BTC and ETH suggests a strategic investment rather than a speculative one.

While Reddit's move legitimizes crypto for mainstream investors, it also sparks a crucial question: what percentage of crypto is held by undisclosed private companies, and in what value? The uncertainty surrounding the ownership of the top 100 richest Bitcoin addresses^[3], potentially containing company reserves, further fuels this doubt.

With millions of private companies globally^[4], even a small portion holding crypto could represent a significant chunk of the total supply. This raises concern about their potential impact on market volatility through on-chain data like "Whale Activities" or "Whale Shadows."

I'd like to hear your opinion on this issue:

• Does Reddit's crypto investment surprise you?
• Do you believe other private companies are holding undisclosed crypto?
• Is the potential concentration of crypto in corporate reserves beneficial or detrimental to crypto market?

References:
[1] Bitcoin Treasuries
[2] Reddit Is Invested In Bitcoin and Ethereum, SEC Filing Shows
[3] Top 100 Richest Bitcoin Addresses
[4] Our global data: Companies

I've seen some few subreddits with their own crypto like r/cc. so i don't think it's a new development. But still good for crypto adoption and exposure

[bussybuddy]

I have a feeling that crypto adoption is growing, especially now that we are in a period where the market is excited for bullish momentum. There will be more companies, corporations, organizations, etc. that will publicly announce their holdings of crypto assets in the near future, and the Reddit story really doesn't come as much of a surprise to me because I've never been a fan of crypto assets also see Reddit's move as silently supporting this field.
(3) This is desirable when there are many parties interested in and using crypto, don't be too worried that the focus will shift to them, maybe they just come because of the short-term price increase signal.

[DeathAngel]

Lots more corporations & institutions will be putting Bitcoin on their balance sheet in the coming years. They will have no choice but to do so with the way traditional banking interest & stocks perform. It would be negligent for them not to have an allocation to the best performing asset of the last decade. It’s going to be interesting to witness, we are here before most of the population.

[jrrsparkles]

I won't be surprised if they reveal that all their investments/reserves are in bitcoin when the market goes further bullish because I don't find any reason to trust the altcoins to use as reserves other than for testing purposes. It doesn't really surprise that they are into crypto as well because it's one of the platforms that has more crypto forum users comparatively bitcointalk.

More demand then the price will be higher, so in terms of investment perspective companies acquiring cryptos is good.

[MAAManda]

1. Does Reddit's crypto investment surprise you?
2. Do you believe other private companies are holding undisclosed crypto?
3. Is the potential concentration of crypto in corporate reserves beneficial or detrimental to crypto market?

1. Not at all, we all know how this platform has become an important pillar in spreading awareness about Bitcoin (BTC) or crypto in general, they realize the potential of Bitcoin (BTC) and then make purchases for their treasury.

2. Yes I believe. How could the financial departments of well-known companies (regardless of public or private) miss the golden opportunity that exists in Bitcoin (BTC)?

3. That's beneficial because it creates more scarcity, because they are reserves/treasury in nature, so we won't find them selling quickly.

[Mpamaegbu]

Reddit having its own token doesn't surprise me at all because I knew it was a matter of time before that happens. That's even becoming a trend now with crypto sites going into creating their own tokens. We're beginning to see that with Coingecko (Candies), Cryptorank (Spaceships), CMC coming up with various reward bonuses and claims on daily basis. I won't be surprised tomorrow too when these ones decide to float their tokens too. They've the numbers and I believe, patronage, too and on hype they can easily grab enough community following.

[Dailyscript]

This is a good move for reddit and great potential for cryptocurrency. Indeed, the Bitcoin spot ETF approval has brought significant growth in cryptocurrency. Having a good impact on other altcoins like ETH and so on. I see us moving to a new era of more acceptance from other tech industries. This bold step taken by reddit company will convince other companies to see the need to invest in cryptocurrency.

[m2017]

The crypto landscape is evolving beyond individual investors, as public companies like MicroStrategy and Tesla have openly declared their Bitcoin holdings. However, private companies often remain silent, keeping their crypto investments undisclosed.

Have been waiting for institutional investors in this industry for a long time and now they are here.

Private companies are not required to publish information about their assets. So, there may be more actual owners (companies) who bought bitcoin than we thought.

While some, like Mt. Gox and Block.one, have made their Bitcoin stashes public, this information might only represent a fraction of the true picture^[1]. This lack of transparency raises the question: how many undisclosed private company holdings are influencing the market?

What kind of transparency did you want? Bitcoin is an anonymous (pseudo-anonymous) asset, which also applies to big owners (companies). They have the right to secretly own it, like any private bitcoin owner (like you).

A recent SEC filing shed some light on this phenomenon. Reddit, on the verge of going public, disclosed its holdings in BTC, ETH, and MATIC. While the specific value remains unknown, this disclosure highlights the growing institutional interest in crypto.

I read in one article that Reddit claims to have a negligible supply of BTC and ETH. Which may or may not be true.

“We also acquired and hold digital assets that are cryptocurrencies for use by our product and engineering teams, which is limited to specific uses,” the company stated^[2].

And also, they created their own cryptocurrencies (MOON and BRICK).

I think this revelation, while surprising, aligns with Reddit's cautious approach towards crypto due to the evolving regulatory environment. Their focus on established crypto like BTC and ETH suggests a strategic investment rather than a speculative one.

It is possible that this is exactly the case.

While Reddit's move legitimizes crypto for mainstream investors, it also sparks a crucial question: what percentage of crypto is held by undisclosed private companies, and in what value? The uncertainty surrounding the ownership of the top 100 richest Bitcoin addresses^[3], potentially containing company reserves, further fuels this doubt.

Does this bother you a lot? How many bitcoin are distributed into other's pockets?

With millions of private companies globally^[4], even a small portion holding crypto could represent a significant chunk of the total supply. This raises concern about their potential impact on market volatility through on-chain data like "Whale Activities" or "Whale Shadows."

I think having a lot of whales is better than having a couple of them. The more there are, the more conflict of interests will arise among them and there will be no unified influence on the market. This is something similar to decentralization, but only among big holders.

I'd like to hear your opinion on this issue:

• Does Reddit's crypto investment surprise you?
• Do you believe other private companies are holding undisclosed crypto?
• Is the potential concentration of crypto in corporate reserves beneficial or detrimental to crypto market?

- No.
- Yes.
- Beneficial.

[fzkto]

Lots more corporations & institutions will be putting Bitcoin on their balance sheet in the coming years. They will have no choice but to do so with the way traditional banking interest & stocks perform. It would be negligent for them not to have an allocation to the best performing asset of the last decade. It’s going to be interesting to witness, we are here before most of the population.

Yes, a bitcoin etf was recently approved where big funds bought a lot of bitcoin. Michael Saylor buys bitcoins on a regular basis. Tesla can be bought with bitcoin. In El Salvador, bitcoin is the national currency. This list could go on and on. So it's unlikely that reddit will have much of an impact on this market.

[God bless u]

I'd like to hear your opinion on this issue:

• Does Reddit's crypto investment surprise you?
• Do you believe other private companies are holding undisclosed crypto?
• Is the potential concentration of crypto in corporate reserves beneficial or detrimental to crypto market?

1. Not at all, I wouldn't even be surprised if a tech giant like Meta announces someday that they are holding a bunch of Bitcoins and other cryptocurrencies because I know that most of the private companies and even influential individuals from every industry are buying and holding cryptocurrencies in private. So we shouldn't be surprised by anyone announcing something like this anymore.

2. Yes, as I stated above, I believe most of the private companies and famous individuals are hoarding cryptocurrencies behind the scene.

3. It's beneficial, without a doubt. Such announcements and revelations can boost investor confidence in retail investors which means more adoption and demand in the long run.

[tsaroz]

Any company investing on crypto is a good thing. There would be more liquidity out of exchanges and more people knowing about the crypto.
Reddit has been a love hate relationship for most. It's still one of my favorite social site but it have plethora of problems mainly regarding selective moderation.
It's not the first time Reddit has embraced crypto and they have already introduced NFTs on the platform, not sure how it works but it's there.
They ought to have increased profit this year as they didn't stepped down from restricting third party API uses even though large scale protest from users.
Thave recently decided to offer IPO and get listed on NYSE, all of these events could be closely related.

[electronicash]

I'd like to hear your opinion on this issue:

• Does Reddit's crypto investment surprise you?
• Do you believe other private companies are holding undisclosed crypto?
• Is the potential concentration of crypto in corporate reserves beneficial or detrimental to crypto market?

reddit is not surprising anymore, they do have their own currency back when there was no blockchain yet and a few years ago they also were interested in creating a cryptocurrency of their own. there was so much mix news about reddit and cryptocurrency which is just like twitter when Musk took over. there was even a piece of news on reddit that each account will have a wallet for crypto.

and yes there are more companies holding crypto whether they want to disclose it or not, they have the right to keep it private. and i think they are also entitled to keep it that way, companies holding cryptocurrencies are beneficial to them as its an investment.

[o48o]

-cut-

• Does Reddit's crypto investment surprise you?
• Do you believe other private companies are holding undisclosed crypto?
• Is the potential concentration of crypto in corporate reserves beneficial or detrimental to crypto market?

1. I didn't think they would have invested to btc or eth with company money, but i guess they thought that they would never be considered as securities. I didn't doubt that they wouldn't invest with their personal money.

2. It's probably peanuts against their total holdings, and since regulations / taxing on it are unclear and rapidly changing, o am guessing many of these companies just rather leave it alone and to mature.

3. It doesn't really matter who hodls it, but take reddit for example: i have been closely following their growth and interest on the subject. It's not because they hodl it that would be beneficial to markets, it's the fact that they are also first one of actually adopting the nft tech and making it very visible with their avatars. And that has created some wealthy artists, so it's creating buzz among the artists as well, which used to hate the plagiarism of it. I am really astonished why crypto people seemed to see this nft thing as a fad. As it doesn't matter what their price even is, or if they have a future. Just the fact that reddit keep using them is bringing a lot of awareness for crypto.

[mindrust]

Big if true. Reddit has a yuuge influence over the interwebz. Look what 4chan achieved with a shitcoin. Dogecoin used to be a complete shit and it still is but the price has skyrocketed. Maybe reddit will have a similar effect on crypto. Any adoption is good news anyways. More companies should join the hype train and hold crypto in their balance sheets. Central banks should dump their gold and hodl bitcoin in their vaults. This is the wai

[kentrolla]

1. It doesn't surprise me even 1% about Reddit's crypto investment because this is expected from multiple mainstream players but it's just the most of them don't make it public as it might put them into unnecessary spot light of regulators.

2. Yes, most of the private companies are holding undisclosed crypto and the reason for keeping it undisclosed is partly explained in my first point as they want to keep it private to avoid legal or regulatory troubles.

3. No it's temporarily beneficial for crypto market because if they hold such a huge amount they can easily manipulate the market by playing around with demand and supply.

[Sophokles]

This thing isn't something new as many top companies have been secretly investing in bitcoin and other altcoins since the last bull run. Very few have revealed their action and many don't due to the regulatory uncertainty. Its good too see top companies already aware of the upside potential of bitcoin and crypto currencies and filling their bags with them. Their action proved to be right and other companies will follow their path as well. But this time we will see announcement from them about their investment.