Rumble to Invest Up to $20M in Bitcoin
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: Move Emphasizes Belief in Bitcoin as a Valuable Tool for Strategic Planning and Is Designed to Accelerate the Company's Expansion Into Cryptocurrency >RUM
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starr67 : I hope so