Video-sharing platform Rumble purchased 188 $BTC for $17.1 million as part of its new treasury strategy.
Rumble Purchases $17 Million in Bitcoin as Part of New Treasury Strategy
Video-sharing platform Rumble announced that it has purchased $17 million worth of Bitcoin as part of its new treasury strategy. The company revealed on X (formerly Twitter) that it acquired 188 $BTC at an average price of $91,000 per Bitcoin.
Rumble joins a growing list of companies that have increased their Bitcoin holdings over the last year. Michael Saylor’s strategy was one of the first to take this step. Since the company began purchasing the leading cryptocurrency in the summer of 2020, it has spent $21 billion on the asset.