2024

Rumble

Bitcoin

Million

when

<h4><strong>On Nov 25th, the company <a href="https://corp.rumble.com/blog/rumble-announces-bitcoin-treasury-strategy/" target="_blank" rel="noopener noreferrer nofollow">announced</a> its Board of Directors had approved a plan. They want to allocate a portion of their extra cash reserves to Bitcoin. </strong></h4>
<p>This move highlights the confidence from Rumble in Bitcoin as a powerful tool for strategic growth.</p>
<h5><strong>Rumble to Invest $20 Million in Bitcoin</strong></h5>
<p>Under the new strategy, Rumble plans to invest up to $20 million in Bitcoin. These purchases will happen at the company’s discretion, depending on factors like Bitcoin’s price, market conditions, and Rumble’s cash needs. According to Rumble Chairman and CEO Chris Pavlovski, the decision is rooted in their belief that Bitcoin is an inflation hedge and a strong asset for long-term value.</p>
<p>“We think the world is still in the early days of Bitcoin adoption,” said Pavlovski. “With a crypto-friendly U.S. presidential administration and growing institutional interest, Bitcoin’s momentum is picking up speed. Unlike traditional currencies, <a href="https://www.altcoinbuzz.io/?s=bitcoin" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> can’t be devalued by unlimited money-printing, making it a great way to protect against inflation.” Pavlovski also emphasized that this move aligns with Rumble’s goal of becoming the top video and cloud platform for the crypto community.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en">BREAKING: Rumble Announces Bitcoin Treasury Strategy</p>
 <p>“Rumble’s Bitcoin allocation strategy will include purchases, at the discretion of the company, of<br> up to $20 million.” <a href="https://t.co/J40IuW1Nnp" rel="noopener noreferrer nofollow">pic.twitter.com/J40IuW1Nnp</a></p>
 <p>— Rumble <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f3f4-200d-2620-fe0f.png" alt="🏴‍☠️" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@rumblevideo) <a href="https://twitter.com/rumblevideo/status/1861175576490308063?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 25, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Rumble’s strategy gives the company flexibility, meaning it can adjust or pause its Bitcoin purchases at any time. Management will decide when and how much to buy based on various factors, like market trends and business needs.</p>
<p>By allocating part of its treasury to Bitcoin, Rumble is not just joining the cryptocurrency wave—it’s doubling down on its belief in Bitcoin as the future of money. Whether this gamble pays off will depend on how Bitcoin performs in the long run, but one thing’s for sure: Rumble isn’t afraid to think big.</p>
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<h6><strong>Disclaimer</strong></h6>
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p>
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/rumble-allocates-20-million-of-treasury-to-bitcoin/" rel="noopener noreferrer nofollow">Rumble Allocates $20 Million of Treasury to Bitcoin</a> appeared first on <a href="https://www.altcoinbuzz.io" rel="noopener noreferrer nofollow">Altcoin Buzz</a>.</p>

Rumble Allocates $20 Million of Treasury to Bitcoin

Altcoin Buzz

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