Nasdaq-listed video-sharing platform Rumble invests $17.1M in Bitcoin (BTC)

Rumble bought 188 Bitcoin (BTC) for $17.1M, nearing its $20M goal. Rumble’s CEO sees BTC as an inflation hedge and crypto tie-in. Future Rumble BTC purchases depend on market and cash flow conditions. Rumble, a Nasdaq-listed video-sharing platform and cloud services provider trading under the ticker RUM, has purchased $17.1 million worth of Bitcoin (BTC). […] The post Nasdaq-listed video-sharing platform Rumble invests $17.1M in Bitcoin (BTC) appeared first on CoinJournal.

Mar 12, 2025 - 15:57

Nasdaq-listed video-sharing platform Rumble invests $17.1M in Bitcoin (BTC)

Rumble bought 188 Bitcoin (BTC) for $17.1M, nearing its $20M goal.
Rumble’s CEO sees BTC as an inflation hedge and crypto tie-in.
Future Rumble BTC purchases depend on market and cash flow conditions.

Rumble, a Nasdaq-listed video-sharing platform and cloud services provider trading under the ticker RUM, has purchased $17.1 million worth of Bitcoin (BTC).

Rumble acquired approximately 188 BTC at an average price of $91,000 per coin, aligning with its previously disclosed plan to diversify its corporate treasury.

The purchase is part of a broader treasury strategy outlined late last year, when Rumble revealed intentions to allocate up to $20 million of its cash reserves to Bitcoin. With this transaction, the company has nearly reached that cap, spending $17.1 million to bolster its holdings.

CEO Chris Pavlovski emphasized the strategic value of the move in a press release shared with media houses, noting that Bitcoin serves as a hedge against inflation and remains immune to the dilution that plagues many government-issued currencies.

For a company positioning itself as a key player in both video content and cloud services, this investment underscores a deliberate push into the crypto ecosystem.

Rumble’s forays into crypto

Rumble’s leadership views Bitcoin not just as a financial asset but as a cornerstone of its identity within the crypto community.

Pavlovski highlighted the company’s excitement about officially holding BTC, suggesting it strengthens Rumble’s appeal as a platform for crypto enthusiasts. This sentiment builds on a $775 Million Strategic Investment from Tether, the leading stablecoin issuer, further solidifying its ties to the cryptocurrency industry.

BREAKING NEWS: Rumble Closes $775 Million Strategic Investment from Tether and Related Tender Offer
Full details: https://t.co/aGYZAMXFDq pic.twitter.com/cJo8xpz1GO
— Rumble