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What will be Rumble's primary strategic focus by the end of 2025?
2
Resolution / Starting Odds
Crypto • 25%
Gaming • 25%
Video Platform • 25%
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Rumble's official press releases, earnings calls, or strategic announcements
Story
Rumble ($RUM) Board Approves $20 Million Bitcoin Investment for Treasury Diversification
Nov 25, 2024, 10:51 PM
Rumble (NASDAQ: RUM), the video platform and YouTube rival, announced on November 25, 2024, that its board has approved a Bitcoin treasury strategy by allocating up to $20 million of its excess cash reserves to Bitcoin. CEO Chris Pavlovski stated that he is "laser focused on the crypto and gaming communities." Rumble's excess cash at the end of 2023 was approximately $175.41 million. The company aims to diversify its corporate treasury and accelerate its expansion into cryptocurrency, reflecting confidence in Bitcoin as an inflation hedge and strategic asset.
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