EddieJayonCrypto

 12 Mar 25

tl;dr

Video-sharing platform Rumble has invested $17.1 million in Bitcoin, purchasing approximately 188 Bitcoin at an average price of $91,000 per token. The move is part of Rumble's plan to allocate up to $20 million of its excess cash reserves to Bitcoin as a hedge against inflation. This aligns with a ...

Rumble, the video-sharing platform, has invested $17.1 million in Bitcoin, purchasing approximately 188 Bitcoin at an average price of $91,000 per token. This move is part of Rumble's plan to allocate up to $20 million of its excess cash reserves to Bitcoin as a hedge against inflation. The company sees Bitcoin as a valuable tool for strategic planning and aims to integrate cryptocurrency into its operations.

This decision aligns with a trend of publicly traded companies, including Strategy and Tesla, investing in Bitcoin. Despite a recent decrease in Bitcoin's price, Rumble remains optimistic about the potential of Bitcoin as a hedge against inflation and a strategic asset.

Rumble's shares are currently trading at $7.94, reflecting a roughly 2% increase in the past 24 hours.

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 12 Mar 25
 12 Mar 25
 12 Mar 25