Rumble, a Nasdaq-listed company, video-sharing and cloud services platform, announced that as part of its new financial diversification strategy, it plans to invest up to $20 million of its excess cash reserves into Bitcoin. The board has approved this allocation, which aims to position Bitcoin as a strategic asset and inflation hedge in its finances. The company plans to integrate cryptocurrency into its ecosystem to support Rumble's mission of building independent infrastructure and promoting an open internet. Bitcoin purchases will be decided by management, considering market conditions, the trading price of Bitcoin, and the company's cash flow needs. (CryptoBriefing)