U.S. listed company Rumble announced that it will invest up to $20 million to purchase Bitcoin

2024-11-26 08:26:19

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ChainCatcher news, according to CryptoBriefing, Nasdaq-listed company and video sharing and cloud services platform Rumble announced it will invest up to $20 million to purchase Bitcoin as an important part of the company's financial diversification strategy. The company's board has approved this resolution, positioning Bitcoin as a strategic asset and an inflation hedge.

Rumble CEO Chris Pavlovski stated that Bitcoin is still in the early adoption phase, and the crypto-friendly policies of the U.S. government and the increase in institutional investors are accelerating this process. The company plans to integrate cryptocurrency into its ecosystem, creating a leading video and cloud services platform for the crypto community. The specific timing of purchases will be determined by management based on market conditions, Bitcoin prices, and the company's cash flow needs.

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