According to reports, Tether announced a $775 million investment in Rumble, which includes $250 million in cash.
Tether will acquire up to 70 million shares of Rumble Class A common stock at $7.50 per share, providing funding support for Rumble.
This transaction is expected to be completed in the first quarter of 2025, at which time Rumble CEO Chris Pavlovski will continue to retain control.
Rumble is a video sharing platform and cloud service provider.