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Rumble, a video platform with a market capitalization of $3.6 billion, has made its first purchase of Bitcoin, investing $20 million as part of a treasury strategy. CEO Chris Pavlovski announced that this initial acquisition marks the beginning of a broader plan to increase Bitcoin holdings in the future. The announcement positions Rumble as a notable player in the cryptocurrency space, reflecting a strategic shift towards digital assets. The company aims to leverage Bitcoin as a reserve asset, indicating a proactive approach to financial management amidst evolving market conditions.
Rumble Joins the Bitcoin Game Rumble backed by Tether, just made their first BTC buy with plans to allocate up to $20M. Converting excess cash into Bitcoin isn’t just a headline - it’s a calculated hedge. As liquidity tightens, BTC's role as a reserve asset keeps growing.… https://t.co/2i6PZwAyUt
Rumble Goes Full Bitcoin Mode Tether-backed Rumble just aped into BTC, locking in their first Bitcoin buy with plans to stack up to $20M. CEO @ChrisPavlovski is putting excess cash into Bitcoin, calling it a "strategic asset." This isn’t just a flex; it’s a playbook for… https://t.co/x4rjFPjkYb
🔥 @rumblevideo enters the #Bitcoin game! The #Tether-backed video-sharing platform just made its first $BTC buy, part of a bold $20M Bitcoin strategy. 👉More details: https://t.co/E8x33jIk0c https://t.co/WvngUO1HRg
