Crypto Daily – Video-sharing platform Rumble has announced plans to allocate up to $20 million of its cash reserves to , aligning with broader corporate and institutional adoption trends while reinforcing its ties to the crypto community.
Introduction of Bitcoin Treasury Strategy
Rumble, a video-sharing platform popular for its alternative stance to mainstream platforms, has announced a strategic shift in its corporate treasury. The company’s Board of Directors has approved a plan to diversify its cash reserves by allocating a portion to Bitcoin, signaling confidence in the cryptocurrency’s long-term value proposition.
The initial phase of this strategy will involve Bitcoin purchases of up to $20 million, as outlined in a public statement on Monday.
CEO’s Perspective on Bitcoin Adoption
Chris Pavlovski, Rumble’s Chairman and CEO, emphasized the rationale behind the move, citing Bitcoin’s unique characteristics as an inflation hedge and its…
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