Rumble Enters Crypto Market with First Bitcoin Purchase and Future Plans

Video streaming platform Rumble has officially entered the cryptocurrency market with its first Bitcoin purchase, as confirmed by CEO Chris Pavlovski. This move, which follows a successful poll indicating strong support for Bitcoin integration, highlights a growing trend among corporations to add BTC to their balance sheets. Rumble’s stock saw a 5.31% increase following the announcement, and further gains are anticipated as the market resumes trading. In 2024, Bitcoin adoption surged, with significant milestones such as the SEC’s approval of spot BTC ETFs. Looking ahead, 2025 is expected to see even greater adoption, potentially driven by a pro-crypto administration and favorable regulations, with predictions of Bitcoin reaching $200,000.

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Rumble Invests 20 Million Dollars in Bitcoin to Diversify Financial Reserves

Rumble, a US-listed video-sharing platform with a market cap of $3.6 billion, has initiated a $20 million investment in Bitcoin to diversify its financial reserves and hedge against inflation. CEO Chris Pavlovski emphasized Bitcoin’s decentralized nature and its potential to enhance the company’s financial stability. This move follows a significant $775 million strategic investment from a stablecoin issuer, positioning Rumble for growth in both media and crypto sectors.

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Rumble Makes First Bitcoin Purchase as Part of Investment Strategy

Rumble, the video platform rivaling YouTube, has made its first Bitcoin purchase, marking a significant step in its strategy to integrate cryptocurrency into its balance sheet. CEO Chris Pavlovski announced the acquisition, although the exact amount remains undisclosed; the company previously indicated plans to invest up to $20 million in Bitcoin. This move aligns Rumble with other firms like MicroStrategy, which has heavily invested in Bitcoin as a long-term asset.

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Tether Invests 775 Million Dollars in Rumble to Support Growth Initiatives

Tether has announced a $775 million investment in Rumble, a YouTube alternative, with $250 million allocated for growth initiatives and the rest for a self-tender offer for Class A common stock. Tether will acquire 103,333,333 shares at $7.50, while Rumble’s CEO Chris Pavlovski retains control. Both companies emphasize shared values of decentralization and free expression, with plans for future collaborations in advertising, cloud services, and crypto payment solutions.

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Corporate Bitcoin Adoption Surges with 65 Percent Growth in 2024

Corporate Bitcoin adoption surged by 65% in 2024, with public companies holding Bitcoin increasing from 40 to 65. Notable players like Booyah Interactive and Semler Scientific are leading the charge, while giants like Amazon consider entering the market, signaling a significant shift in corporate finance. This trend not only enhances Bitcoin’s credibility but also fosters broader cryptocurrency ecosystem growth.

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Rumble Invests 20 Million in Bitcoin as Inflation Hedge Strategy

Rumble has approved a strategy to invest up to $20 million in Bitcoin, viewing it as a hedge against inflation and a means to enhance its treasury. CEO Chris Pavlovski cited increasing institutional adoption and a supportive regulatory environment as key factors for this decision. Following the announcement, Rumble’s stock surged over 12%, joining a trend of companies integrating Bitcoin into their financial strategies.

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Marathon Digital Acquires 6474 Bitcoin and Reserves 160 Million for Future Purchases

Marathon Digital acquired 6,474 Bitcoin in November, bringing its total holdings to approximately 34,794 BTC, valued at $3.3 billion. The company has set aside $160 million for future purchases and is now the second-largest corporate Bitcoin holder after MicroStrategy. This acquisition follows a successful $1 billion convertible note offering, highlighting a growing trend among public companies to adopt Bitcoin as a treasury reserve strategy.

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Rumble and Jiva Technologies Invest in Bitcoin as Inflation Hedge

Rumble and Jiva Technologies are the latest companies to adopt Bitcoin as part of their corporate treasury strategies, reflecting a growing institutional interest in the cryptocurrency as a hedge against inflation. Rumble plans to invest up to $20 million, while Jiva will allocate up to $1 million, both citing Bitcoin’s potential as a reliable store of value amid economic uncertainty. These moves signal a shift in corporate attitudes towards crypto, bolstered by favorable regulatory developments and increasing adoption.

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Rumble CEO Leaves Europe Amid Telegram CEO’s Arrest and Legal Threats

Rumble CEO Chris Pavlovski has exited Europe following threats from French authorities amid the detention of Telegram CEO Pavel Durov, who faces serious accusations including organized crime and terrorism. Pavlovski criticized the French government’s actions and pledged to defend free speech rights legally, while Telegram denied wrongdoing and asserted compliance with EU laws. Durov’s arrest has sparked international concern, with potential implications for free speech in Europe.

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