Reddit Co-founder Bought 50K ETH in 2014

Reading Time: < 1 minute

Alexis Ohanian, co-founder of Reddit, invested $15,000 in Ethereum at 30 cents in a 2014 presale, he has revealed in an interview with Forbes.

By now, these investments could cost about $82.5 million based on the current price of the asset.

He has expressed regret that he had invested a relatively small amount.

The proceeds from the sale of ETH became the basis for the launch of the venture capital firm Seven Seven Six.. Currently, the company’s AUM has reached $750 million.

The co-founder of Reddit has attributed the interest in Ethereum to the appeal of the idea of a decentralized store of wealth. As a descendant of US-speaking emigrants, he told how his ancestors lost the relic carpets captured by Turkish soldiers during the genocide.

If you like our content and want to support us, please follow us on X, Facebook and Instagram and don’t miss the latest news!