Rumble makes $17.1m purchase of 188 Bitcoin

The Rumble video platform has acquired around 188 bitcoin for $ 17.1 million, with an average of $ 91,000 per room.

This purchase is part of its bitcoin (BTC) Treasury strategy. Business Announced a plan To allocate up to $ 20 million to Bitcoin, highlighting his desire to diversify in the cryptocurrency sector.

CEO Chris Pavlovski spoke of the role of Bitcoin as a cover against inflation and its alignment with the wider strategy focused on the crypto.

“These assets have the potential to serve as a precious coverage against inflation and will not be subject to dilution as so many currencies issued by the overlying government,” said Pavlovski.

Rumble, known for its video and cloud sharing services, has positioned itself as a platform for the cryptographic community. The company said that future Bitcoin purchases would depend on market conditions, Bitcoin price and Rumble’s financial needs.

Invest in bitcoin as a treasure

The passage of Rumble in the crypto and the Bitcoin reflects a trend among public companies, such as Microstrategy And Digital marathonwho adopts Bitcoin in the context of their treasury management strategies.

Last December, attach do An investment of $ 775 million in the platform, with part of the funds for growth initiatives.

In addition to its cryptographic investments, Rumble recently announced A cloud services partnership with the government of El Salvador, more solidifying its cryptographic links.