First Step: Rumble Buys Bitcoin in $20 Million Crypto Strategy
Rumble has made its first bitcoin purchase as part of a $20 million strategy to diversify its corporate treasury.
Announced by CEO Chris Pavlovski, the move involves allocating excess cash reserves to bitcoin, reflecting the company’s confidence in crypto as a strategic asset. While details on the purchase amount remain undisclosed, Rumble joins other public companies like MicroStrategy and Riot Platforms in adopting a bitcoin-first approach. Pavlovski hinted at future acquisitions, stating, “It won’t be the last.”
Clever Robot News Desk 21th January 2025
