According to WuSaid, Tether announced a $775 million investment in Rumble, including $250 million in cash.
Tether will acquire up to 70 million shares of Rumble Class A common stock at $7.50 per share to provide financial support to Rumble.
The transaction is expected to close in the first quarter of 2025, at which time Rumble CEO Chris Pavlovski will continue to retain a controlling stake.
Rumble is a video sharing platform and cloud services provider.
