Wu said that Tether announced a $775 million investment in Rumble (NASDAQ: RUM), including $250 million in cash and the acquisition of up to 70 million Class A common shares of Rumble at $7.50 per share. This acquisition provides financial support for Rumble and aids its future growth plans. The transaction is expected to be completed in the first quarter of 2025, and after completion, Rumble CEO Chris Pavlovski will continue to retain control. Rumble is a video sharing platform and cloud service provider.