Rumble Enters the Bitcoin Club as Strategic Move

[TomPluz]

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.

Get more details of this development here.


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!

[Zed0X]

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.

[Lucius]

Some would say "better late than never", but I would dare to say that it took some really too long to realize the potential of BTC, so I wonder if there is anyone in all these companies who thinks outside the box, or do they all act like robots imitating those around them?

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.

[Z-tight]

Another good news, it does not matter if these institutions and companies are just realizing how important BTC can be, it is good that they eventually realized that. I don't know so much about Rumble, but i am sure they are making this move because of the rising interest in BTC. Brazil, Switzerland and the U.S. may be getting a BTC strategic reserve soon, and the list could get longer.

[MrSpasybo]

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.

I welcome the participation of all large companies in the BTC and crypto trend. They need reputation and profits in the stock market, and we need their funds to flow into this market.

[electronicash]

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.

they should have know BTC because just like twitch, Rumble is the platform to go when a streamer is suspended/banned/demonetized in youtube and most of those guys that are from channels related to crypto gambling and political guys who also supports BTC. they are well aware of BTC existence since time.

its not too late though. even if they are just allocating $20M, its still good to have such company on board to crypto. they could accept BTC too in their platform.

[bitterguy28]

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

the thing is they aren’t even integrating bitcoin yet on their platform which i think is a mistake they should learn more about their audiences and study how best to attract more and keep them on their platform

[yhiaali3]

Good news, although $20 million in Bitcoin is not a large amount for a large company to invest in Bitcoin, if it is for diversification and testing, it is not bad as a first step.

With this positive environment through the Trump presidency and the rise in the price of Bitcoin, I expect that we will hear about more large companies and even governments entering Bitcoin investment, yesterday I heard that Microsoft is thinking of buying Bitcoin, and I also heard about the intention of some governments such as Brazil and Russia to buy Bitcoin as a strategic reserve for the state treasury.

[ABCbits]

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/

[Bobcrypto]

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/

I think the most important thing is that they have actually realized now that bitcoin is an asset class, a hedge against inflation and can't be ignored.
At this moment, the amount they have invested may be small but it is a great news they are now on board the crypto community, and they can still add more in the future especially when the price of Bitcoin goes dip, or on corrections.
The future of crypto look very bright, and the opportunity to invest today is open to everyone.

[Lucius]

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/

We can conclude that in any case it is positive that more and more companies are thinking in this way, although there is still a large amount of caution among many about investing in BTC due to fear of volatility. It will obviously take years for BTC to position itself in a way that companies like Amazon or Apple might then start accepting it as something worth investing in.

As for me personally, I have nothing against them needing even more time to understand what some others have understood long before them - to me, it is more important that the little ordinary people benefit more than those who anyway have far more than they need.

+1

[ZAINmalik75]

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.

Many companies are willing to invest in BTC and making BTC the next big asset and proving it digital gold to make money over time. Next they should buy ETH along BTC too.

[Z-tight]

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.

[Stompix]

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  , 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.

[Faisal2202]

Bruh, Rumble was financed by Thiel, he got Founders Fund to buy Bitcoin in 2017  , 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.

El-Salvador took the big step, these are taking the step, shareholders of Microsoft did not take this step because they have other options.