NEWSLETTER
Rumble (Nasdaq: Rum), the video exchange platform and the cloud service provider, has <a target="_blank" href="https://www.globenewswire.com/news-release/2025/03/12/3041366/0/en/Rumble-Announces-Purchases-of-17-1-Million-in-bitcoin-in-Accordance-with-Previously-Announced-bitcoin-Treasury-Strategy.html” target=”_blank” rel=”noopener”>announced The purchase of approximately 188 bitcoin, valued at around $ 17.1 million, as part of its previously revealed bitcoin Treasury strategy. Acquired at an average price of approximately $ 91,000 per currency, this purchase is part of the company's plan to allocate up to $ 20 million in bitcoin.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter“/>
“We are excited to announce these purchases and assignment of bitcoin as part of our treasure strategy, as well as a broader strategic movement as we extend our ties with the cryptography industry,” said the president and CEO of Rumble, Chris Pavlovski. “These holdings have the potential to serve as a valuable coverage against inflation and will not be subject to a dilution as as many coins issued by the Overempre government. As a leading video and cloud services platform for the cryptographic community, we are proud to officially maintain bitcoin as we continue to grow and record cryptography in the DNA of our company. “
The announcement continues <a target="_blank" href="https://www.globenewswire.com/news-release/2024/11/25/2987119/0/en/Rumble-Announces-bitcoin-Treasury-Strategy.html” target=”_blank” rel=”noopener”>revealed Corporate Treasury Diversification Strategy, which was approved by its Board of Directors. The strategy aims to take advantage of bitcoin as a strategic asset to accelerate the expansion of the company to digital assets while strengthening its financial position.
“We believe that the world is still in the early stages of bitcoin's adoption, which has recently accelerated with the election of a presidential administration of the United States and greater institutional adoption,” said Pavlovski. “Unlike any currency issued by the Government, bitcoin is not subject to dilution through an endless primer of money, allowing it to be a valuable inflation coverage and an excellent addition to our treasure. We are also excited to strengthen our ties with cryptography and reinforce our efforts to become the leading video and cloud services platform for the cryptographic community. “
The company pointed out that the real time and value of any future acquisition of bitcoin will depend on several factors, including the general market conditions, the commercial price of bitcoin and the anticipated cash needs of Rumble. Rumble declared that his strategy will remain flexible and can be modified, suspended or discontinued at any time according to the discretion of the company.
