{"id":3285,"date":"2024-11-26T01:47:43","date_gmt":"2024-11-26T01:47:43","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=3285"},"modified":"2024-11-26T01:47:43","modified_gmt":"2024-11-26T01:47:43","slug":"rumble-bets-on-bitcoin-with-new-treasury-strategy-ceo-calls-it-an-excellent-addition","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=3285","title":{"rendered":"Rumble Bets On Bitcoin With New Treasury Strategy, CEO Calls It An &#8216;Excellent Addition&#8217;"},"content":{"rendered":"<div>\n<p>Popular video-sharing platform <strong>Rumble Inc.<\/strong> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/RUM#NASDAQ\">RUM<\/a>) became the latest Wall Street player to embrace the <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) treasury strategy amid the apex cryptocurrency\u2019s record-breaking run.<\/p>\n<p><strong>What Happened<\/strong>: According to an announcement made Monday, Rumble\u2019s\u00a0board approved\u00a0a new strategy to allocate a portion of the company\u2019s surplus\u00a0cash reserves to Bitcoin. This\u00a0move was part of Rumble\u2019s strategic planning, aimed at supporting the company\u2019s foray into the cryptocurrency market.<\/p>\n<p>Rumble\u2019s allocation strategy will include\u00a0investments of up to $20 million, at the company\u2019s discretion. At the prevailing market price, this would amount to a purchase of around 212 Bitcoins.<\/p>\n<p>That said, the actual timing and value of the purchase would be decided by the management, contingent on factors such as general market conditions and the price of Bitcoin.<\/p>\n<p><figure class=\"wp-block-embed ...&lt;\/p&gt;&lt;p&gt;&lt;a href=https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/42179537\/rumble-bets-on-bitcoin-with-new-treasury-strategy-ceo-calls-it-an-excellent-addition alt=Rumble Bets On Bitcoin With New Treasury Strategy, CEO Calls It An 'Excellent Addition'&gt;Full story available on Benzinga.com&lt;\/a&gt;&lt;\/p&gt;&lt;\/div&gt;&lt;\/body&gt;&lt;\/html&gt;\"><\/figure>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Popular video-sharing platform Rumble Inc. (NASDAQ:RUM) became the latest Wall Street player to embrace the Bitcoin (CRYPTO: BTC) treasury strategy amid the apex cryptocurrency\u2019s record-breaking run. What Happened: According to an announcement made Monday, Rumble\u2019s\u00a0board approved\u00a0a new strategy to allocate a portion of the company\u2019s surplus\u00a0cash reserves to Bitcoin. This\u00a0move was part of Rumble\u2019s strategic [&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-3285","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\/3285","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=3285"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3285\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}