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, citing Bitcoin’s potential as an inflation hedge.


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

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Nov 25, 2024  · Video-sharing platform Rumble plans to invest up to $20 million in Bitcoin as part of a new treasury strategy, citing Bitcoin’s potential as an inflation hedge.

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

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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 …

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

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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 voted yes …

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

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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

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Rumble Approves $20 Million Bitcoin Treasury Investment Plan

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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 …

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

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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 …

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

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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 …

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Rumble Eyes Bitcoin Strategy With $20M Treasury Allocation Plan

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Nov 26, 2024  · Rumble plans to allocate up to $20M of excess cash reserves to Bitcoin for treasury diversification. Rumble sees Bitcoin as an inflation hedge amid rising institutional and …

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Rumble To Allocate Up To $20M For Bitcoin Treasury Strategy

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Nov 26, 2024  · Rumble's Pavlovski said the company believes Bitcoin can be a 'valuable inflation hedge' Crypto users hailed Rumble for making a 'smart business move' at this time Rumble …

ibtimes.com

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Rumble To Invest Up To $20M In Bitcoin - MarketWatch

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Nov 25, 2024  · Rumble will purchase up to $20 million worth of bitcoin in what the video-sharing platform and cloud-services provider called a corporate treasury diversification strategy. Its …

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Rumble To Invest Up To $20 Million In Bitcoin - Morningstar

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Nov 25, 2024  · Rumble will purchase up to $20 million worth of bitcoin in what the video-sharing platform and cloud-services provider called a corporate treasury diversification strategy.

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

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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

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Rumble Diversifies Treasury With $20M Bitcoin Bet, Inspired By ...

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Nov 26, 2024  · Nasdaq-listed video-sharing and cloud services platform Rumble has announced it’s allocating up to $20 million of its cash reserves to Bitcoin as its board of directors approved …

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Rumble Boosts Treasury With $20M Bitcoin Investment

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Nov 26, 2024  · Rumble approves $20M Bitcoin investment for treasury diversification. The CEO highlights early-stage acceptance and a crypto-friendly US administration. Video-sharing site …

livebitcoinnews.com

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Rumble Unveils $20 Million Bitcoin Treasury Plan

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Jul 11, 2024  · $20 Million Bitcoin Strategy Approved. The board of directors of Rumble has approved a plan for the company to invest up to $20 million of its treasury into Bitcoin. It added …

coinbackyard.com

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Rumble Expands Treasury Holdings With $20M Bitcoin Investment

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Nov 26, 2024  · Rumble is investing up to $20 million of its excess cash reserves in Bitcoin. Following the announcement, Rumble’s stock surged 12.63%, reaching $7.31 per share. While …

thenewscrypto.com

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

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Nov 26, 2024  · Rumble Inc.’s foray into Bitcoin investment represents not only a significant financial decision but also a statement of its intent to align with the future of digital finance. By …

business-news-today.com

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Rumble Reveals Plans To Invest $20m In Bitcoin Reserves

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5 days ago  · Video-sharing platform Rumble has announced its intent to diversify its financial strategy by allocating up to $20 million of its excess cash reserves into Bitcoin. The move …

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

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Nov 26, 2024  · Highlighting bitcoin’s immunity to dilution from monetary policies, Pavlovski described it as a “valuable inflation hedge” and a strong addition to the company’s treasury …

bitbo.io

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Rumble Announces $775 Million Strategic Investment From Tether

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Dec 20, 2024  · Investment: Tether has agreed to purchase 103,333,333 shares of Rumble Class A Common Stock at a price per share of $7.50, totaling $775 million in gross proceeds to …

businessinsider.com

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Rumble To Receive $775 Million Strategic Investment From Tether

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Dec 20, 2024  · Video sharing platform and cloud services provider Rumble said on Friday it has entered into an agreement with Tether, a blockchain-enabled platform, to receive a strategic …

reuters.com

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

Is Rumble adopting a bitcoin Treasury strategy?

Rumble announced it is adopting a Bitcoin treasury strategy. Rumble on X In the age of Bitcoin institutional adoption, video-sharing platform Rumble has announced its Board of Directors has approved a corporate treasury diversification strategy that will allocate some of its excess cash reserves to Bitcoin. ...

How much bitcoin will Rumble buy?

By Connor Hart Rumble will purchase up to $20 million worth of bitcoin in what the video-sharing platform and cloud-services provider called a corporate treasury diversification strategy. ...

Will Rumble add Bitcoin to its balance sheet?

Y ouTube alternative Rumble has become the latest company to confirm plans to add Bitcoin to its balance sheet, just days after its CEO teased the idea on social media. ...

How much money is a video-sharing company donating to Bitcoin (BTC)?

In a Nov. 25 statement, the video-sharing platform said its board of directors approved the strategy, allocating a portion of the company’s excess cash reserves to Bitcoin (BTC) at the discretion of the company and up to $20 million total. ...

How much money did tether invest in Rumble?

Transaction Details Investment: Tether has agreed to purchase 103,333,333 shares of Rumble Class A Common Stock at a price per share of $7.50, totaling $775 million in gross proceeds to Rumble. The Company will use $250 million of the proceeds to support growth initiatives. ...

What is Rumble & how does it work?

Rumble is a video-sharing platform with roughly 67 million monthly active users and is known for having a more lenient approach to content moderation than other similar services. Rumble joins the growing list of other firms that have taken the plunge and added Bitcoin to their balance sheets this year. ...

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