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Rumble Makes First Bitcoin Purchase for Corporate Treasury
Rumble, a leading video-sharing platform based in Canada, has officially made its first Bitcoin
BTC
$104 361
24h volatility:
0.1%
Market cap:
$2.07 T
Vol. 24h:
$138.53 B
purchase since adopting the flagship cryptocurrency as a strategic corporate reserve to combat inflation and economic uncertainty.
On Monday, the company’s CEO, Chris Pavlovski, disclosed that Rumble acquired an undisclosed amount of BTC on Friday, January 17, and intends to continue purchasing more in the future. While Pavlovski did not reveal the exact amount, a Cointelegraph report suggested the company invested up to $20 million in BTC.
On Friday, Rumble $RUM made its first
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