Rumble to Launch Bitcoin and Stablecoin Wallet in Q3 2025

The announcement was made by Rumble CEO Chris Pavlovski on May 9 through a post on X (formerly Twitter).

The video-streaming platform, sometimes viewed as an uncensored alternative to YouTube, is expanding into the crypto space with a Bitcoin and stablecoin wallet.

Announced by Rumble CEO Chris Pavlovski on X (formerly Twitter) on May 9, the forthcoming non-custodial wallet will be launched in partnership with Tether and aims to compete with Coinbase (NASDAQ:COIN) Wallet.

The company will be offering a non-custodial bitcoin and stablecoin wallet in partnership with Tether. It is launching in Q3 this year.

— Chris Pavlovski ?‍☠️ (@chrispavlovski) May 8, 2025

This move marks a further expansion into cryptocurrencies for the company, which began buying Bitcoin in March.

“Our goal is to become the most prominent non-custodial bitcoin and stablecoin wallet, powering the creator economy,” said Pavlovski.

The company first revealed plans for a Tether wallet for creators in March following Tether’s $775 million investment in December 2024.

The company's goal is to become the most prominent non-custodial bitcoin and stablecoin wallet, pivoting to help monetize creators better than most advertisers, especially in international markets

The new mobile wallet will be launched in the third quarter of this year and will be programmed to offer support for Tether Gold (XAUT) in addition to other cryptocurrencies.

The announcement comes at a time when mobile wallet adoption is reaching new highs. According to Coinbase data, the use of mobile crypto wallets hit an all-time high of 36 million in Q4 2024.

However, the video-streaming platform will be entering a crowded market, with well-established players already in place.

Current competitors include Coinbase, Robinhood (NASDAQ:HOOD), eToro, PayPal (NASDAQ:PYPL), Revolut, Crypto.com, and MetaMask. Coinbase alone reported more than 100 million registered users in 2024, almost double the video platform's user base.

Financial Performance and Bitcoin Holdings

In other news, Rumble reported its financial results for the first quarter of 2025, posting revenue of $23.7 million, surpassing analyst estimates by 2.8% and showcasing a 34% increase from the same period last year.

Despite reporting a net loss of $2.7 million for the quarter, the company's performance exceeded expectations. Analysts had anticipated a GAAP loss of $0.01 per share, which the company met exactly.

The company's shares rose by 2.37% following the announcement to reach $7.78 in after-hours trading. However, the company's stock has lost 40% of its value year to date.

The company is also continuing to build up its Bitcoin holdings since March when it made its first purchase of 188 BTC. The firm currently holds 210 BTC, valued at almost $22 million at current market prices.

The platform reported 59 million monthly active users, which represents a decrease from the 68 million reported in Q4 2024. Despite the drop in users, Pavlovski highlighted the company's revenue growth, driven by "increased subscription revenue and monetization across our video and advertising platforms."