Rumble Embarks On $20M Strategy with First Bitcoin Purchase

The post Rumble Embarks On $20M Strategy with First Bitcoin Purchase appeared first on Coinpedia Fintech News

In a latest development, Rumble CEO Chris Pavlovski on January 20, disclosed that the firm had made its first Bitcoin purchase on January 17, in line with its $20 million treasury strategy. He suggested that this would be the first of many, though the exact amount purchased remains undisclosed at the time of writing. With the recently disclosed purchase, Rumble joins other public companies, like MicroStrategy, Semler Scientific, Marathon Digital, and Metaplanet, which are all actively pursuing a Bitcoin treasury strategy. This strategy has often sparked greater interest in the stocks of these companies, with investors viewing them as potential proxies for Bitcoin exposure.