What Rumble Stock’s Bitcoin Strategy Means for Your Portfolio

Nov 26, 2024  · Rumble Stock ($RUM) is making headlines after a bold move to invest $20 million in Bitcoin, signaling a major shift in their strategy. In this video, we’ll b...


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What Rumble Stock’s Bitcoin Strategy Means For Your Portfolio

4 weeks from now

Nov 26, 2024  · Rumble Stock ($RUM) is making headlines after a bold move to invest $20 million in Bitcoin, signaling a major shift in their strategy. In this video, we’ll b...

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

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Nov 26, 2024  · For Rumble, this strategy also signals a deeper integration with blockchain technology, a move likely to resonate with its user base and strengthen its reputation within …

business-news-today.com

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

4 weeks from now

Nov 26, 2024  · Following the announcement, the Rumble stock — trading under the RUM ticker — increased by 13% to $7.31 and gained a further 4% to $7.30 after trading hours. Copying …

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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 Adopts Bitcoin Treasury Strategy, Echoing Moves By

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Nov 25, 2024  · Rumble's move mirrors the path of MicroStrategy, which has become a notable Bitcoin advocate since 2020. The enterprise software firm has over $37.5 billion worth of the …

decrypt.co

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Rumble Bets On Bitcoin As Inflation Hedge With New Treasury …

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Dec 1, 2024  · Rumble Approves Bitcoin Investment Strategy. ... Following the development, Rumble’s stock price surged more than 12% over the past day, according to Google Finance …

cryptopotato.com

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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 To Allocate Up To $20M For Bitcoin Treasury Strategy

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Nov 26, 2024  · Rumble is diversifying its investment portfolio to include Bitcoin, a move that comes at a time when there is much optimism within the crypto space following Donald …

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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’s New Corporate Treasury Diversification Strategy Includes ...

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Nov 26, 2024  · Despite the news, shares of Rumble were down over 2% in Tuesday’s pre-market session. Chairman and CEO Chris Pavlovski said the world is still in the early stages of the …

stocktwits.com

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Rumble Announces $20 Million Bitcoin Treasury Strategy

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Nov 26, 2024  · The decision aligns with growing Bitcoin adoption and boosted Rumble's stock by 12.63% to $7.31. ... “Rumble’s Bitcoin allocation strategy will include purchases, at the …

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

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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

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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 …

tradingview.com

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Why Rumble Stock Skyrocketed To A 52-Week High Today

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Dec 23, 2024  · After the market closed on Friday, technology company Rumble (RUM-6.39%) announced that Tether (CRYPTO: USDT) will invest $775 million. Considering Rumble was …

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FAQs about What Rumble Stock’s Bitcoin Strategy Means for Your Portfolio 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. ...

What is Rumble's bitcoin allocation strategy?

Rumble’s Bitcoin allocation strategy will include purchases, at the discretion of the company, of up to $20 million. “We believe that the world is still in the early stages of the adoption of Bitcoin, which has recently accelerated with the election of a crypto-friendly U.S. presidential administration and increased institutional adoption. ...

Does Rumble have a treasury diversification strategy?

LONGBOAT KEY, Fla, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Rumble (NASDAQ:RUM), the video-sharing platform and cloud services provider, announced today that its Board of Directors has approved a corporate treasury diversification strategy of allocating a portion of the company’s excess cash reserves to Bitcoin. ...

Is Rumble stock a good stock to buy?

But even assuming all of this money is used for this purpose, Rumble will still be left with $250 million to grow the business, which provides a couple of extra years of runway at its current pace. That's significant and does make Rumble stock an interesting one to watch. ...

What determines the timing and value of bitcoin purchases?

The actual timing and value of Bitcoin purchases, if any, under the allocation strategy will be determined by management in its discretion and will depend on several factors, including, among others, general market and business conditions, the trading price of Bitcoin and the anticipated cash needs of Rumble. ...

What is Rumble's market cap?

This is from Rumble's own investment relation page. Here, Rumble reports a market cap of $5.96 billion on a share price of $15.32 and outstanding shares of 118.58 million. Yet, multiplying that share price by those shares outstanding only gives us a market cap of $1.81 billion. ...

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