Rumble takes a bold step with Bitcoin investment, aligning with shifting corporate treasury trends. Rumble plans to invest $20 million in Bitcoin to diversify its corporate treasury.
Bitcoin is viewed by Rumble as a strategic asset and an effective inflation hedge. Rumble plans to invest up to $20 million of its excess cash reserves in Bitcoin as part of a new corporate treasury diversification strategy.
“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 US presidential administration and increased institutional adoption,” said Chris Pavlovski, Rumble’s Chairman and CEO.
As we are leaving 2024 and entering 2025 with a lot of excitement in the area of Bitcoin and cryptocurrency in general, I have been expecting there will be more and more institutional adoption and I am glad to see RUMBLE now also getting into Bitcoin frenzy and with their mindset that we are just actually starting here I know that as time will go they will be investing more. Companies thinking of the same move should get their BTC now as there can be more dramatic price movements next year as the Trump administration will formally be inaugurated. Let's go rumble!MicroStrategy success has triggered a wave of businesses seriously investing in BTC as a valuable asset for accumulation and growth, especially as it can enhance their brand and drive stock price increases. Large businesses and corporations often have huge budgets, and they also need shareholder approval to change their investment policy, so I hope they are all diamond hands to hold BTC long-term.
Understanding what Rumble stands for, I'm quite surprised that they were entering the market just now. It's been a while since I visited but I believe they haven't introduced crypto payments into the platform yet. It would have been a good option for their users from countries that they're banned.
Understanding what Rumble stands for, I'm quite surprised that they were entering the market just now. It's been a while since I visited but I believe they haven't introduced crypto payments into the platform yet. It would have been a good option for their users from countries that they're banned.same here rumble is a company that hosts online videos and offers cloud services with these purposes in mind it’s a bit of a shock how ‘late’ they are to join bitcoin or cryptocurrency you would expect a platform that is pushing for technological advancement would have thought of integrating bitcoin into their company a lot earlier
I don't know how much the company in question is worth, but $20 million is only about 200 BTC, so it seems more like some kind of symbolic investment than something serious to me.
I don't know how much the company in question is worth, but $20 million is only about 200 BTC, so it seems more like some kind of symbolic investment than something serious to me.
But looking at their most recent report, they claim they have $65 million in 2024 (until ended September 30, 2024)[1]. So IMO $20 million isn't small amount, although we should pay attention the news actually said "up to $20 million".
[1] https://corp.rumble.com/blog/rumble-reports-third-quarter-2024-results/ (https://corp.rumble.com/blog/rumble-reports-third-quarter-2024-results/)
I don't know how much the company in question is worth, but $20 million is only about 200 BTC, so it seems more like some kind of symbolic investment than something serious to me.
But looking at their most recent report, they claim they have $65 million in 2024 (until ended September 30, 2024)[1]. So IMO $20 million isn't small amount, although we should pay attention the news actually said "up to $20 million".
[1] https://corp.rumble.com/blog/rumble-reports-third-quarter-2024-results/ (https://corp.rumble.com/blog/rumble-reports-third-quarter-2024-results/)
As we are leaving 2024 and entering 2025 with a lot of excitement in the area of Bitcoin and cryptocurrency in general, I have been expecting there will be more and more institutional adoption and I am glad to see RUMBLE now also getting into Bitcoin frenzy and with their mindset that we are just actually starting here I know that as time will go they will be investing more. Companies thinking of the same move should get their BTC now as there can be more dramatic price movements next year as the Trump administration will formally be inaugurated. Let's go rumble!20 million dollars is a huge amount and it is good for the price growth of BTC in the long run Rumble will be in huge profit but don't get why these industries are buying high while they could have bough BTC low it can be their plan of strategic investments but not a smart one for the long run they must have big targets that's why they bought now.
but don't get why these industries are buying high while they could have bough BTC low it can be their plan of strategic investments but not a smart one for the long run they must have big targets that's why they bought now.It is simple, they did not believe in BTC before and they have to buy now that they can see its potential, surely you do not expect them to wait for BTC price to fall, it is a hard to predictable market and nobody knows exactly when that will happen.
Next they should buy ETH along BTC too.I don't know about Eth though, i don't recommend it that much.
It is simple, they did not believe in BTC before and they have to buy now that they can see its potential, surely you do not expect them to wait for BTC price to fall, it is a hard to predictable market and nobody knows exactly when that will happen.
Bruh, Rumble was financed by Thiel, he got Founders Fund to buy Bitcoin in 2017 ;D, Rumble acting like they don't know about Bitcoin is just impossible, the actual problem with them is that they don't have the money to spare, they had 3 consecutive quarters with more than 90 million loss, they are currently trending -55% compared to NDX over two years.So it means they had no choice but to enter the Bitcoin club to save themselves from some loss. I think every project and platform is not interested to buy Bitcoin and then interested is only because they want to save themselves from solvency haha.
~So it means they had no choice but to enter the Bitcoin club to save themselves from some loss. I think every project and platform is not interested to buy Bitcoin and then interested is only because they want to save themselves from solvency haha.