Right-Wing YouTube Competitor Rumble Adds 188 BTC to Treasury

The video-sharing site is the latest company to put bitcoin on its balance sheet.

Subscribe to Bankless or sign in

Video platform Rumble has acquired approximately 188 Bitcoin Bitcoin for $17.1 million, averaging $91,000 per coin, as part of its strategy to integrate cryptocurrency into its treasury management.

What’s the Scoop?

  • Significant Acquisition: Rumble has bought 188 Bitcoin for $17.1 million, marking a substantial addition to its treasury.
  • Treasury Strategy: The company previously said it plans to allocate up to $20 million to Bitcoin, viewing it as a hedge against inflation.
  • Crypto Alignment: Rumble aims to strengthen its position in the crypto community by integrating Bitcoin into its financial strategies.

2
0
Bankless

Written by Bankless

348 Articles View all      

It’s time to break up with your bank, and join the movement for a better world.

No Responses
Search Bankless