Rumble to spend up to $20M on Bitcoin in new treasury strategy

Nov 25, 2024  · Video-sharing platform Rumble plans to invest up to $20 million in Bitcoin as part of a new treasury strategy, ... Rumble (RUM) shares spiked 12.63% to $7.31, ...


Install CouponFollow Chrome Extension   CouponFollow Extension

63%
OFF

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

4 weeks from now

Nov 25, 2024  · Video-sharing platform Rumble plans to invest up to $20 million in Bitcoin as part of a new treasury strategy, ... Rumble (RUM) shares spiked 12.63% to $7.31, ...

cointelegraph.com

$20
OFF

Rumble Approves $20 Million Bitcoin Treasury Investment Plan

4 weeks from now

Nov 26, 2024  · The video-sharing platform Rumble has announced plans to invest up to $20 million of its excess cash reserves in Bitcoin. The company’s board approved this treasury …

blockonomi.com

$20
OFF

Rumble To Invest $20 Million In Bitcoin As Part Of Strategic Reserve …

4 weeks from now

Nov 26, 2024  · Rumble, a leading video and cloud services platform, plans to invest up to $20 million of its cash reserves into Bitcoin. This move is part of the company’s broader strategy to …

thecryptobasic.com

$20
OFF

Rumble To Invest Up To $20 Million In Bitcoin From Its Cash Reserves

4 weeks from now

Nov 25, 2024  · Rumble plans to invest up to $20 million of its excess cash reserves in Bitcoin as part of a new corporate treasury diversification strategy, the video-sharing and cloud services …

cryptobriefing.com

$20
OFF

Video Platform Rumble To Invest $20 Million In Bitcoin, Following ...

4 weeks from now

Nov 26, 2024  · Rumble Ventures into Bitcoin with $20 Million Investment Strategy. Rumble, the popular YouTube alternative, has announced plans to invest up to $20 million of its excess …

coinlive.com

$20
OFF

Rumble Board Approves $20 Million Bitcoin Investment Strategy

4 weeks from now

Nov 26, 2024  · The strategy includes allocating up to 20 million from its excess cash reserves into Bitcoin, highlighting the company’s growing interest in the cryptocurrency. The Florida …

defi-planet.com

$20
OFF

Rumble Boards Bitcoin Bandwagon With $20M Treasury, Taking …

4 weeks from now

Nov 26, 2024  · Rumble Joins Bitcoin Race. On Monday, Nov. 25, the company announced it approved a corporate treasury diversification strategy that allocates a portion of its excess …

ccn.com

$20
OFF

Rumble To Allocate Up To $20M In BTC As Part Of New Treasury …

4 weeks from now

Nov 25, 2024  · Rumble, a popular video-sharing platform known for its commitment to free speech and decentralised content, has announced plans to invest up to $20 million in Bitcoin …

coininsider.com

$20
OFF

Rumble Inc. Embarks On Bitcoin Treasury Investment Amid …

4 weeks from now

Nov 5, 2024  · Under this innovative strategy, Rumble plans to invest up to $20 million in Bitcoin, demonstrating its confidence in Bitcoin as an essential and valuable tool for future strategic …

csimarket.com

$20
OFF

Rumble Invests $20M In Bitcoin, Following MicroStrategy’s Lead

4 weeks from now

Nov 26, 2024  · As part of its corporate treasury diversification strategy, Rumble plans to invest up to $20 million in Bitcoin. The purchases will be made at the company's discretion, showcasing …

analyticsinsight.net

$20
OFF

Rumble To Invest Up To $20M In Bitcoin, Expands Treasury Into ...

4 weeks from now

Nov 25, 2024  · Rumble (NASDAQ:RUM) has announced a corporate treasury diversification strategy that includes allocating up to $20 million of excess cash reserves to Bitcoin. The …

stocktitan.net

$20
OFF

Rumble (RUM) Plans $20 Million Bitcoin Investment To Diversify F

4 weeks from now

Rumble, a video sharing platform and cloud services provider, has announced plans to invest up to $20 million in Bitcoin as part of its corporate financial dive 🚀 Enjoy a 7-Day Free Trial Thru …

gurufocus.com

$20
OFF

Rumble Joins Bitcoin Bull Run With $20 Million Investment

4 weeks from now

Nov 26, 2024  · Rumble is investing up to $20 million in Bitcoin to diversify its cash reserves and protect against inflation. ... Tesla, and Semler Scientific, are adopting Bitcoin as a long-term …

coinpedia.org

$20
OFF

Rumble Plans To Allocate $20M Of Excess Cash Reserves To Bitcoin

4 weeks from now

Dec 12, 2024  · Rumble, the conservative-leaning video platform, announced on Monday night that it will channel up to $20 million of its extra cash into Bitcoin. As soon as the news broke, …

cryptopolitan.com

$20
OFF

Why Rumble Is Betting $20m On Bitcoin—What It Means For The …

4 weeks from now

Nov 26, 2024  · Rumble Inc., a video-sharing platform and cloud services provider, has unveiled a bold step in its corporate treasury strategy by approving a plan to allocate up to $20 million of …

business-news-today.com

$20
OFF

Rumble Plans To Invest $20 Million In Bitcoin | Al Bawaba

4 weeks from now

Nov 26, 2024  · ALBAWABA – Rumble, the online video platform, web hosting, and cloud services business, announced its plans to invest approximately $20 million in Bitcoin as part of its new …

albawaba.com

$20
OFF

Rumble To Invest Up To $20M In Bitcoin For Treasury Reserves

4 weeks from now

Nov 26, 2024  · Rumble, a video platform popular among conservatives, has announced plans to allocate up to $20 million of its cash reserves to bitcoin. The company shared its new treasury …

bitbo.io

$20
OFF

How To Ride The Bitcoin Hype: Rumble Steps In With A $20 Million ...

4 weeks from now

Now there is Rumble Inc. a video-sharing platform company that just decided to join the club by entering the first step of How to Ride the Bitcoin Hype by allocating $20 million of its cash ...

yahoo.com

$20
OFF

Rumble Stock: Riding The Irrational Exuberance (NASDAQ:RUM)

4 weeks from now

Rumble announced the adoption of a Bitcoin treasury strategy - buying $20 million of Bitcoin at all-time highs. Read why I rate RUM stock a Strong Sell.

seekingalpha.com

$775
OFF

After $775 Million Tether Investment, Rumble's Tender Offer Should ...

4 weeks from now

Dec 23, 2024  · In conjunction with Rumble's previously announced plan to purchase up to $20 million of bitcoin, the Tether investment should bolster interest in crypto content and …

morningstar.com

$775
OFF

YouTube Competitor Rumble (RUM) Gets $775M Investment From …

4 weeks from now

Updated Dec 20, 2024, 10:25 p.m. UTC Published Dec 20, 2024, 10:15 p.m. UTC Tether CEO Paolo Ardoino (Bitfinex) YouTube competitor Rumble (RUM) is in a deal for a $775 million …

coindesk.com

100%
OFF

Here’s What’s Happening With Rumble (RUM) Stock This Week

4 weeks from now

Dec 24, 2024  · Rumble Inc. (NASDAQ: RUM), a video-sharing platform, made headlines this week as its stock surged over 100% on December 23, reaching $14.30. The rally comes on …

finbold.com

$775
OFF

Why Rumble Stock Is Skyrocketing Today - Nasdaq

4 weeks from now

5 days ago  · Last Friday, Rumble announced that it will be selling $775 million worth of new stock to Tether at a price of $7.50 per share as part of an investment deal between the two companies.

nasdaq.com

$775
OFF

Rumble: Don't Chase Tether Deal (NASDAQ:RUM) - Seeking Alpha

4 weeks from now

Dec 23, 2024  · Rumble stock surged due to a $775M investment from Tether, but the deal involves a tender offer at $7.50 per share. Find out why RUM stock is a Strong Sell.

seekingalpha.com

$4
OFF

Cipher Mining: Capitalizing On Bitcoin, AI, And HPC Trends …

4 weeks from now

4 days ago  · The company disclosed it paid $4.1 million upfront and signed the agreement to a variable fee of $1.5 per megawatt-hour [MWh] for five years after the site started operations.

seekingalpha.com

$780
OFF

Tether Moves Bitcoin Worth $780M To Reserve In Largest Move

4 weeks from now

1 day ago  · Tether, the issuer of the world's most widely used stablecoin, has moved nearly $780 million worth of Bitcoin into its corporate reserve in its largest transaction since March. …

benzinga.com

FAQs about Rumble to spend up to $20M on Bitcoin in new treasury strategy Coupon?

Does Rumble have a bitcoin Treasury strategy?

About a month ago, Rumble announced the adoption of a Bitcoin treasury strategy - buying $20 million of Bitcoin at all-time highs - which was rewarded by the market with a 12% rally. Rumble had $132 million in cash at the time (per the Q3'24 report), so the $20 million in Bitcoin may not seem so bad. ...

Does Rumble need more capital to invest in tether?

The company ended the last quarter with a cash balance of $132 million, so the Tether investment of $250 million is a positive development. Rumble clearly needs more capital to invest in the video platform. The platform consumed over $22 million in cash during Q3, even with decreased guaranteed creator commitment costs. ...

How many shares will Rumble have in 2025?

Assuming 70 million shares are repurchased at the $7.50 price, Rumble would have a full diluted share count of 417 million shares for a market cap of $5.4 billion. The consensus analyst estimates are only predicting revenues of slightly above $113 million for 2025. ...

Will rum shares be used to buy Bitcoin (BTC)?

RUM shares have rocketed higher by 41% in after hours action to $10.13. It is not known if any of the proceeds will be used to put bitcoin (BTC) on the Rumble balance sheet. Pavlovski in November had teased an interest in his company possibly buying bitcoin. ...

How many shares does Rumble have?

In essence, Rumble will now have up to 487 million shares outstanding depending on how the company handles the tender offer for a price substantially below the current trading level. Assuming 70 million shares are repurchased at the $7.50 price, Rumble would have a full diluted share count of 417 million shares for a market cap of $5.4 billion. ...

How much money does Rumble use?

Rumble will use $250 million of the money to support operations and the remainder to fund a tender offer for up to 70 million shares of its common stock at a price of $7.50, according to a Friday evening press release. That $7.50 is the same price per share Tether is paying for its stake. ...

Install CouponFollow Extension on Chrome

Install the CouponFollow extension to search for discount codes when shopping the fastest!

Install CouponFollow Chrome Extension   Install CouponFollow Chrome Extension