Rumble, a video-sharing and cloud services platform, has taken a bold step to diversify its corporate treasury by investing in bitcoin. The company, based in Longboat Key, Florida, announced on Monday that its Board of Directors had approved a strategy to allocate up to $20 million of its excess cash reserves to the cryptocurrency. The announcement states:
This move emphasizes Rumble’s belief in bitcoin as a valuable tool for strategic planning and is designed to accelerate the company’s expansion into cryptocurrency. Rumble’s bitcoin allocation strategy will include purchases, at the discretion of the company, of up to $20 million.
The company stated that purchases will depend on market conditions, bitcoin’s trading price, and expected cash needs. While the timing and size of purchases will depend on various factors, Rumble retains the flexibility to adjust or suspend its strategy as needed.
Known for its high-growth platform and cloud services, Rumble aims to leverage this initiative to expand its role within the digital economy and position itself as a forward-thinking leader in cryptocurrency adoption.
Rumble Chairman and CEO Chris Pavlovski explained the rationale behind the decision, pointing to bitcoin’s unique financial attributes. He detailed:
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 U.S. presidential administration and increased institutional adoption.
“Unlike any government-issued currency, bitcoin is not subject to dilution through endless money-printing, enabling it to be a valuable inflation hedge and an excellent addition to our treasury,” Pavlovski added, noting that the decision supports Rumble’s effort to build connections with the cryptocurrency community and establish itself as a key platform for crypto users. Pavlovski expressed confidence in the cryptocurrency’s ability to enhance Rumble’s financial strategy, framing it as part of the company’s commitment to innovation and an independent internet ecosystem.
“I wasn’t joking when I said I was going to be laser focused on the crypto and gaming communities. It’s a new era,” the executive shared on social media platform X following the announcement.
