Reddit may only hold an “immaterial” amount of bitcoin {{BTC}}, ether {{ETH}} and Polygon’s {{MATIC}}, but the way it treats crypto is significant. On Thursday, the idiosyncratic message board platform disclosed it held crypto assets as part of its treasury holdings and as a means of payment, in a filing readying it to go public in the U.S. This shouldn’t come as a surprise, given that Reddit is among the few social media giants that started experimenting with crypto tokens, NFTs and blockchain tools in the pandemic-era bull run — and is arguably the Web2 era giant that took crypto most seriously. What is surprising are some of the assumptions Reddit makes about the world of crypto in its U.S. Securities and Exchange Commission filing.