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The significance of Trump's first shot to the market: "Twitter governance" has returned.
Without warning, posting on Truth Social and triggering significant market volatility, this is typical "Trump style". Traders suggest closely monitoring Trump's posts in the future, choosing a direction first, and then "selling volatility after news release".
Will GameStop, AMC Follow MicroStrategy, Rumble Into Bitcoin?
Rumble to Add Bitcoin to Balance Sheet, Announces up to $20M Investment
Rumble Stock Rises In Tuesday Pre-Market After Adopting Bitcoin Treasury Strategy As BTC Retreats
Express News | JP Morgan Says Precious Rally to Rumble on; Constrained Supply Sets the Stage for Stronger Base Metals Prices Later in 2025
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Rumble Bets On Bitcoin With New Treasury Strategy, CEO Calls It An 'Excellent Addition'
Rumble will invest no more than $20 million to purchase bitcoin.
Video sharing platform and cloud service provider Rumble will purchase up to $20 million worth of bitcoin, stating that this is part of their corporate financial diversification strategy. The board of directors of the company approved these purchase plans on Monday, believing that bitcoin is a valuable strategic planning tool and aiming to accelerate the company's expansion into the cryptocurrency field. These bitcoins will be purchased at the company's discretion. Rumble's stock price rose 3.8% in after-hours trading to $7.59.
Rumble to Invest Up to $20M in Bitcoin
Rumble: Move Emphasizes Belief in Bitcoin as a Valuable Tool for Strategic Planning and Is Designed to Accelerate the Company's Expansion Into Cryptocurrency >RUM
Express News | Rumble Says Bitcoin Allocation Strategy Will Include Purchases, At Its Discretion, Of Up To $20M
Express News | Rumble Announces Bitcoin Treasury Strategy
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Why Rumble Stock Is Rising Monday: 'Laser-Focused' On Gaming, Crypto Expansion