Rumble Announces Purchases of $17.1 Million in Bitcoin in Accordance with Previously Announced Bitcoin Treasury Strategy
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Rumble (NASDAQ:RUM) has purchased $17.1 million worth of Bitcoin, acquiring approximately 188 coins at an average price of $91,000 each. This aligns with their strategy to allocate up to $20 million to Bitcoin, highlighting their commitment to cryptocurrency.
March 12, 2025 | 12:45 pm
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Rumble has invested $17.1 million in Bitcoin, purchasing 188 coins at an average price of $91,000. This move is part of their strategy to allocate up to $20 million to Bitcoin, indicating a strong belief in cryptocurrency's strategic value.
Rumble's significant investment in Bitcoin is a strategic move that aligns with their previously announced plan. This demonstrates their commitment to cryptocurrency, which could positively influence investor sentiment and potentially drive the stock price up in the short term.
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