{"id":17407,"date":"2025-03-12T13:31:41","date_gmt":"2025-03-12T13:31:41","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=17407"},"modified":"2025-03-12T13:31:41","modified_gmt":"2025-03-12T13:31:41","slug":"video-sharing-platform-rumble-buys-188-btc-for-17-1m","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=17407","title":{"rendered":"Video-Sharing Platform Rumble Buys 188 BTC for $17.1M"},"content":{"rendered":"<div>\n<p>Nasdaq-listed video-sharing platform Rumble (RUM) has invested $17.1 million in bitcoin (BTC) adding 188 BTC to its corporate treasury, the company announced.<\/p>\n<p>The purchase was made at an average price of $91,000 per coin.<\/p>\n<p>The move is part of Rumble\u2019s previously disclosed plan to <a href=\"https:\/\/www.coindesk.com\/markets\/2024\/11\/19\/rumble-stock-rises-as-ceo-teases-bitcoin-adoption\" target=\"_blank\">adopt a bitcoin treasury strategy <\/a>and allocate up to $20 million of its cash reserves to bitcoin. Rumble\u2019s CEO Chris Pavlovski said the decision was part of its further involvement in the crypto industry.<\/p>\n<p>\u201cThese holdings have the potential to serve as a valuable hedge against inflation and will not be subject to dilution like so many overprinted government-issued currencies,\u201d Pavlovski said in a <a href=\"https:\/\/www.globenewswire.com\/news-release\/2025\/03\/12\/3041366\/0\/en\/Rumble-Announces-Purchases-of-17-1-Million-in-Bitcoin-in-Accordance-with-Previously-Announced-Bitcoin-Treasury-Strategy.html\" target=\"_blank\">press release<\/a>.<\/p>\n<p>The company added that future acquisitions would be contingent on factors such as market conditions, bitcoin\u2019s price, and Rumble\u2019s cash flow needs. Late last year, leading stablecoin issuer <a href=\"https:\/\/www.coindesk.com\/business\/2024\/12\/20\/tether-takes-75-m-stake-in-video-sharing-platform-rumble\" target=\"_blank\">Tether took a $775 million stake<\/a> in the video-sharing platform.<\/p>\n<p>Shares of Rumble closed down 2.38% over the last trading session and were up nearly 4% in pre-market trading to $8.1.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Nasdaq-listed video-sharing platform Rumble (RUM) has invested $17.1 million in bitcoin (BTC) adding 188 BTC to its corporate treasury, the company announced. The purchase was made at an average price of $91,000 per coin. The move is part of Rumble\u2019s previously disclosed plan to adopt a bitcoin treasury strategy and allocate up to $20 million [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-17407","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/17407","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17407"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/17407\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}