🚨 Big News! 🚨

Tether invests a whopping **$775M** into Rumble, buying 103.3M shares at $7.50 each! 💰🔥

Rumble plans to use $250M for growth and a self-tender offer for 70M shares. 📈

RUM shares skyrocketed **41%** to $10.17 in after-hours trading! 🚀📊

#Crypto #Rumble #Tether #Investing #BreakingNews #Flicky123Nohawn

Tether has announced a $775 million investment in Rumble, purchasing 103.3 million shares at $7.50 each. Rumble plans to allocate $250 million to growth initiatives and use the remaining funds for a self-tender offer for 70 million shares. CEO Chris Pavlovski will retain his controlling stake, committing to tender up to 10 million shares. The transaction is expected to close in Q1 2025, with Rumble shares surging 41% to $10.17 in after-hours trading following the news.