Rumble CEO Teases Adding Bitcoin to Company’s Balance Sheet, …

Nov 20, 2024 · The CEO of YouTube’s competitor Rumble teased exposure to the pioneering cryptocurrency Bitcoin, attracting a reaction from BTC advocate Michael Saylor. The development originated with CEO Chris Pavlovski’s November 19 tweet enquiring if Rumble should add …

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Rumble Shares Rise 9% As Founder Mulls Scooping Up Bitcoin

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Nov 20, 2024 · Rumble, a YouTube alternative favored by the political far-right, is the latest company to explore the possibility of adding Bitcoin to its balance sheet. Rumble (RUM) …

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Rumble To Spend Up To $20M On Bitcoin In New Treasury Strategy

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Nov 25, 2024 · Rumble chairman and CEO Chris Pavlovski teased the idea of adding Bitcoin to Rumble’s balance sheets with a Nov. 19 poll on X. Out of 43,790 votes, 93.9% of respondents …

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Rumble CEO Considers Bitcoin Move: Stock Surges 9% Following ...

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Nov 20, 2024 · Chris Pavlovski, the founder and CEO of Rumble, an alternative to mainstream video-sharing platforms like YouTube, is considering adding Bitcoin to the company’s balance …

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Rumble Stock Rises As CEO Teases Bitcoin Adoption

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Nov 19, 2024 · Its balance sheet showed $130.8 million of cash and cash equivalents. The stock is higher by 26% year-to-date and the company sports a current market cap of roughly $1.6 …

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Rumble Stock Rises As CEO Teases Bitcoin Adoption - MSN

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Its balance sheet showed $130.8 million of cash and cash equivalents. The stock is higher by 26% year-to-date and the company sports a current market cap of roughly $1.6 billion.

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Rumble CEO Considers Adding Bitcoin To The Company's Balance …

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Nov 20, 2024 · Rumble CEO considers adding Bitcoin to its balance sheet, supported by 93.8% of poll voters, boosting stock by 9%

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Rumble To Add Bitcoin To Balance Sheet, Announces Up To

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Nov 26, 2024 · Rumble’s CEO teases Bitcoin purchase, with plans for up to $20M investment in BTC. Shares surged after announcement, reflecting potential market interest in the company’s …

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Rumble Considers Adding Bitcoin To Balance Sheet

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The poll questions whether Rumble should incorporate Bitcoin into its balance sheet. As of the time of reporting, 93.7% of respondents have voted in favor of the proposal. The news …

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Rumble CEO Initiates Vote To Consider Adding Bitcoin To Balance …

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Rumble CEO initiated a vote to consider including Bitcoin in the balance sheet, with 93.8% of users supporting it. It may follow MicroStrategy's example and deploy Bitcoin. According to …

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Video Platform Rumble Plans To Buy Up To $20 Million In Bitcoin In …

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Nov 25, 2024 · Conservative video platform Rumble said it will begin allocating some of its excess cash reserves to bitcoin and could buy up to $20 million in the crypto.

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FAQs about Rumble CEO Teases Adding Bitcoin to Company’s Balance Sheet, … Coupon?

Should rumble add Bitcoin to its balance sheet?

Prominent Bitcoin advocates were quick to weigh in. Jack Mallers, CEO of Bitcoin payment firm Strike, agreed that Rumble should add Bitcoin to its balance sheet and noted he would gladly help if needed. Michael Saylor, chairman of MicroStrategy, also offered to advise Pavlovski, who appeared receptive to the suggestion. ...

Will Rumble become a 'Bitcoin-first' company this year?

If Rumble follows through, it will join a growing list of companies turning to Bitcoin this year. On November 18, artificial intelligence firm Genius Group implemented its “Bitcoin-first” strategy, acquiring 110 Bitcoin for $10 million. The company aims to allocate 90% of its reserves to Bitcoin. ...

Why did Rumble shares rise 9% in after-hours trading Tuesday?

Rumble shares rose 9% in after-hours trading Tuesday after Pavlovski posted the Bitcoin investment questions to his social media account. Investors will be watching for further developments from the company. Read Next: Image: Liam Ortiz from Pixabay © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. ...

What happened to Rumble shares?

According to Google Finance, Rumble shares closed up 2.5% at $5.68 before peaking at $6.20 after hours. They eventually stabilized at $5.78, a 1.76% increase since the market close. Headquartered in Florida and Ontario, Rumble operates a video-sharing platform known for its minimal content moderation. ...

How much money did rumble make in 2024?

Rumble boasts 67 million monthly active users and went public on Nasdaq in September 2022. As of September 30, 2024, its balance sheet included approximately$132 million in cash, cash equivalents, and marketable securities. The company generated $25 million in revenue during Q3 2024, a 39% year-over-year increase. ...

Does Trump own Rumble?

Headquartered in Florida and Ontario, Rumble operates a video-sharing platform known for its minimal content moderation. Its cloud services division also hosts Truth Social, the social media platform owned by Donald Trump. Rumble boasts 67 million monthly active users and went public on Nasdaq in September 2022. ...