Rumble (NASDAQ:RUM) Announces It Has Added Approximately 188 Bitcoin to Its Treasury

LONGBOAT KEY, Fla., March 12, 2025 (GLOBE NEWSWIRE) -- Rumble (NASDAQ:RUM), the video-sharing platform and cloud services provider, announced today that the company has added approximately 188 Bitcoin to its treasury

Longboat Key, Fla., March 12, 2025, --(BUSINESS WIRE triple slash REGEX best known as the division sign '/')

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avowed cryptocurrency fans will be pleased to learn that the company has added around 188 Bitcoin to its treasury at an average price of around $91,000 per coin.

* High Growth Video, Live Streaming and Cloud Services Platform Announces Additions to Treasury Holdings

* Company Plans to Allocate Up to $20 Million to Bitcoin

* A portion of the company’s cash reserves will be used for cryptocurrency purchases

Rumble (NASDAQ:RUM), the video-sharing platform and cloud services provider, announced today that the company has made approximately 188 Bitcoin purchases at an average price of approximately $91,000 per coin and plans to allocate up to $20 million to Bitcoin as part of a new corporate treasury diversification strategy. The company will also be making a broader move to expand its ties to the cryptocurrency industry.

“We are excited to announce these purchases and allocation of Bitcoin as part of our treasury strategy as well as a larger strategic move as we further expand our ties to the crypto industry. These holdings will serve as a valuable hedge against inflation and will not be subject to dilution like so many overprinted government-issued currencies,” said Rumble Chairman and CEO Chris Pavlovski. “As a leading video and cloud services platform for the crypto community, we are proud to officially hold Bitcoin as we continue to grow and engrain crypto into our company's DNA.”

The actual timing and amount of any additional Bitcoin purchases will be determined by management in its discretion and will depend on several factors, including, among others, general market and business conditions, the trading price of Bitcoin and the anticipated cash needs of Rumble. The allocation strategy may be suspended, discontinued or modified at any time for any reason.

ABOUT RUMBLE

Rumble is a high-growth video platform and cloud services provider that is creating an independent infrastructure. Rumble's mission is to restore the internet to its roots by making it free and open once again. For more information, visit: corp.rumble.com.