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Benzinga
Benzinga
Business
Samyuktha Sriram

SHOCKING: Reddit co founder raises 500m for crypto startups - What They Never Told You

Reddit CRYPTO Alexis Ohanian

Alexis Ohanian, the co-founder of social media platform Reddit, has reportedly raised $500 million with the intent to invest primarily in crypto startups.

What Happened: According to a report from The Wall Street Journal on Tuesday, Ohanian’s venture firm 776 Management LLC will deploy the majority of the $500 million raised into two new funds focused on cryptocurrency.

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