Rumble Embarks On $20M Strategy with First Bitcoin Purchase
According to the latest development, Rumble CEO Chris Pavlovski revealed on January 20 that the company had purchased its first Bitcoin on January 17, in line with its $20 million financial strategy. He said this would be the first of many, although the exact amount of the purchase had not been disclosed at the time of writing. With the recently disclosed acquisition, Rumble joins the ranks of other public companies such as MicroStrategy, Semler Scientific, Marathon Digital, and Metaplanet that are actively pursuing Bitcoin vault strategies. This strategy tends to generate greater interest in the stocks of these companies, with investors viewing them as potential alternatives to Bitcoin exposure.
