Co-founder of Reddit Purchases 50,000 Ether


Ohanian bought 50,000 Ether in 2014's cryptopresale for $15,000 at a cost of 30 cents per coin.

He found the idea of a decentralized store of value attractive, partly due to his Armenian heritage, prompting him to take an early gamble on Ethereum.

Reddit Co-founder Supports Self-Custody of Crypto Investments, Avoids Government-Prone Exchanges.