According to Blockworks, Reddit filed an S-1 registration statement with the U.S. Securities and Exchange Commission on Thursday. S-1 is a document required for any company planning an initial public offering (IPO). In the S-1, Reddit disclosed that the company "invested part of its idle cash reserves in Bitcoin and Ethereum". The social media company only uses Bitcoin and Ethereum "for financial purposes". Reddit said that the company also holds Ethereum and MATIC (Polygon's native token) "as a form of payment for the sale of certain virtual goods". The company disclosed that as of December 31, 2022 and 2023, the MATIC and Ethereum received were "not significant". According to the S-1 document, Reddit will be listed on the New York Stock Exchange under the ticker RDDT. Reddit filed an IPO application as early as the winter of 2021, and Reuters reported last month that the company originally planned to debut in March. This would be the first social media platform to go public since Pinterest went public in April 2019.