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International Business Times
International Business Times
Business
Marvie Basilan

Rumble To Allocate Up To $20M For Bitcoin Treasury Strategy

Bitcoin Donald Trump Chris Pavlovski Crypto Metaplanet MicroStrategy Semler Scientific
Rumble announced it is adopting a Bitcoin treasury strategy. (Credit: Rumble on X)

KEY POINTS

  • Rumble's Pavlovski said the company believes Bitcoin can be a 'valuable inflation hedge'
  • Crypto users hailed Rumble for making a 'smart business move' at this time
  • Rumble follows in the footsteps of MicroStrategy, Metaplanet, Semler Scientific and others

In the age of Bitcoin institutional adoption, video-sharing platform Rumble has announced its Board of Directors has approved a corporate treasury diversification strategy that will allocate some of its excess cash reserves to Bitcoin.

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