Alexis Ohanian Joins Bid to Acquire TikTok US Operations

Reddit co-founder Alexis Ohanian announced today that he is part of a group trying to acquire TikTok’s US operations and transition the platform to blockchain technology.

> Exciting news for the digital world…
> I’m officially now one of the people trying to buy TikTok US — and bring it on-chain.

Ohanian emphasized that TikTok has been a crucial platform for creators and should be structured by them.

The acquisition bid focuses on implementing Frequency, a blockchain protocol that enables users to control their data and content. The goal is to change how TikTok’s 170 million US users manage their digital identities.

> “Frequency changes how social media could work — users managing their own data,” Ohanian wrote.

This initiative comes as ByteDance faces pressure to sell TikTok’s U.S. operations by early April, following regulations from the Biden administration and an extension via executive order from President Trump.

Ohanian’s group, which includes “Shark Tank” investor Kevin O’Leary, is competing with potential buyers like Microsoft and Oracle.

> “Picture TikTok with your audience and work on-chain, no intermediaries,” Ohanian elaborated on his vision.

Currently, ByteDance has not confirmed any plans to sell, and there is no clear valuation or asset list from McCourt. Technical challenges remain for adapting TikTok’s large-scale platform to blockchain infrastructure.