{"id":3077,"date":"2024-11-21T14:49:04","date_gmt":"2024-11-21T14:49:04","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=3077"},"modified":"2024-11-21T14:49:04","modified_gmt":"2024-11-21T14:49:04","slug":"bitcoin-for-balance-sheets-video-companys-bold-move-sends-stock-soaring","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=3077","title":{"rendered":"Bitcoin For Balance Sheets: Video Company\u2019s Bold Move Sends Stock Soaring"},"content":{"rendered":"
\n

Rumble is formally joining the race to create a crypto-led portfolio. In a Twitter\/X post by Chris Pavlovski, Rumble CEO, ran a poll to ask the community whether the company should consider adding Bitcoin<\/a> to its portfolio.<\/p>\n

The social media poll gained traction and attracted more than 39,000 votes, with most respondents saying \u201cYes\u201d to the proposal.<\/p>\n

Pavlovski\u2019s post immediately caught the attention of traders and market analysts. Rumble Inc (RUM) shares<\/a> jumped 9% during after-hours trading on November 19th, briefly hitting an intra-day high of $6.20. The video streaming company\u2019s balance sheet shows $ 132 million in cash and cash equivalents as of Q3.<\/p>\n

Rumble Teases Bitcoin Investment, Gets Response From Saylor<\/h2>\n

What started as a \u201cplayful tease\u201d from Pavlovski became a serious question-and-answer with MicroStrategy\u2019s Michael Saylor himself. Responding to Pavlovski\u2019s post, Saylor agreed with the community\u2019s opinion to add Bitcoin and even said he would discuss the plans in detail.<\/p>\n

\n

Yes. I would be happy to discuss why & how with you.<\/p>\n

\u2014 Michael Saylor\"\u26a1\" (@saylor) November 19, 2024<\/a><\/p>\n<\/blockquote>\n

Pavlovski said that he was delivering a direct message implying that the Rumble CEO is either serious or at least investigating the possibilities and intends to seek Saylor for assistance.\n<\/p>\n

Pavlovski\u2019s playful poll attracted a lot of attention from Twitter users. As of this writing, it had garnered over 39,400 votes, with over 93% of the users saying \u201cYes.\u201d In November 19th trading, the company\u2019s shares briefly spiked at $6.20 before ending the day at $5.78.<\/p>\n

\n

Should Rumble add Bitcoin to its balance sheet?<\/p>\n

\u2014 Chris Pavlovski (@chrispavlovski) November 19, 2024<\/a><\/p>\n<\/blockquote>\n

Rumble Aims To Expand Portfolio<\/h2>\n

Rumble<\/a> is a well-known video-sharing service that competes with YouTube. The company also runs a cloud services division that features Truth Social, a social media network that is owned by Donald Trump, the next president of the United States.\n<\/p>\n

The YouTube competitor has 67 million active users and joined Nasdaq last September 2022. As of the end of the third quarter, the company\u2019s balance sheet carries $132 million in cash and cash equivalents.<\/p>\n

Rumble earned $25 million in revenue for the third quarter, reflecting a 39% compared to last year. However, the company\u2019s recent financial results disappointed analysts, as revenues fell by 14%.<\/p>\n

<\/p>\n

Rumble Joins A Growing List Of Tech Companies With BTC<\/p>\n

If Rumble\u2019s plan pushes through, it will join other companies in adding Bitcoin to their portfolios. On November 18th, Genius Group announced its plan to pursue a \u201cBitcoin-focused\u201d strategy and plans to acquire 110 Bitcoins for its first tranche.<\/p>\n

The Genius Group aims to use 90% of its reserves for the top digital asset. According to Bitcoin Treasuries Data, MetaPlanet has recently acquired $11.3 million worth of tokens, pushing its total portfolio to 1,142.2 Bitcoin.<\/p>\n

Semler Scientific also joined the fray, buying $17.7 million worth of tokens to boost its total to 1,273 Bitcoins.<\/p>\n

The fact that Rumble is considering a Bitcoin strategy shows how crypto and blockchain are becoming more influential. The recent success of MicroStrategy has many businesses considering Bitcoin for their own asset and strategy evaluations.<\/p>\n

Featured image from Invesco, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Rumble is formally joining the race to create a crypto-led portfolio. In a Twitter\/X post by Chris Pavlovski, Rumble CEO, ran a poll to ask the community whether the company should consider adding Bitcoin to its portfolio. The social media poll gained traction and attracted more than 39,000 votes, with most respondents saying \u201cYes\u201d to […]<\/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-3077","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\/3077","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=3077"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3077\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}