ChainCatcher News, according to CryptoBriefing, Nasdaq-listed company Rumble, a video sharing and cloud services platform, announced it will invest up to $20 million in Bitcoin as a key component of its financial diversification strategy. The company's board has approved this resolution, positioning Bitcoin as a strategic asset and a hedge against inflation.
Rumble CEO Chris Pavlovski stated that Bitcoin is still in the early adoption phase, and the rise of crypto-friendly U.S. government policies and institutional investors is accelerating this process. The company plans to integrate cryptocurrency into its ecosystem to create a leading video and cloud services platform for the crypto community. The specific timing of purchases will be determined by management based on market conditions, Bitcoin prices, and the company's cash flow needs.
