Rumble Video Platform Announces Plan to 'Gather' $20 Million in Bitcoin

The video platform Rumble recently announced a plan to invest $20 million in Bitcoin, as part of the company's financial management strategy. The timing and specific amount of Bitcoin to be purchased will depend on market conditions, Bitcoin price fluctuations, and Rumble's liquidity needs.

Chris Pavlovski, the founder and CEO of Rumble, emphasized that this is an important step to protect asset value and aligns with the growing trend of accepting Bitcoin as a store of value. This also represents another sign of increasing investment plans in Bitcoin from major companies, similar to Tesla and MicroStrategy, indicating the growing appeal of cryptocurrency in long-term financial strategies.

This news immediately boosted Rumble's (RUM) stock price by over 12% after the announcement was made, showing investor support for this decision.