Rumble decides to invest 20 million dollars in Bitcoin

Rumble has decided to invest 20 million dollars in Bitcoin to diversify the company's financial reserves. CEO Chris Pavlovski of Rumble emphasized that this decision reflects their confidence in Bitcoin as a strategic asset, contributing to the long-term financial plan. He argued that Bitcoin is a sensible choice to protect against inflation and the risks associated with traditional currencies, especially in the context of an increasingly favorable regulatory environment for institutions in the United States.

This decision also comes after Rumble conducted a poll on social media X, which garnered strong support from the cryptocurrency community, with nearly 32,000 people responding “Yes” to the question of whether Rumble should add Bitcoin to its balance sheet. This move has boosted Rumble's stock price, peaking at 6.2 USD in after-hours trading.

Rumble's entry into this digital asset trend also reflects the growing trend among major companies to use Bitcoin as part of their financial strategy.