The video sharing platform Rumble has announced the purchase of $ 17 million in Bitcoin as part of its new Treasury strategy. In fact, the company Took to X. (Former Twitter) To reveal that it has added 188 BTC to its holding at an average price of $ 91,000 per bitcoin.
Rumble joins a growing list of companies that have increased their Bitcoin holdings over the past year. It was Michael Saylor’s strategy that was among the first to do so. Since the company started buying the leading Cryptocurrency in the summer of 2020 has spent it $ 21 billion on the asset.
Just in: Rumble buys 188 Bitcoin worth $ 17.1 million.
– watcher.guru (@watcherguru) March 12, 2025
Rumble announces new $ 17 million Bitcoin purchases
Over the past two years, a massive shift has taken place in the Cryptocurrency market. Although 2025 has seen prices fight to increase, the conversation on favorable regulation on the horizon will lead the asset class to a new era. US president Donald Trump led that reality and brought a crypto reserve to the previous anti-crypto nation.
This has led to a number of companies also trying to embrace the thriving asset class. Among them is Rumble, which has announced a Bitcoin purchase of $ 17 million. In fact, the cloud service provider revealed that it had acquired 188 BTC as part of its recently implemented state strategy.
Also read: Texas introduces Bill to buy $ 250 million in bitcoin and other crypto
“We are pleased 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,” said CEO Chris Pavlovski in a press release. “These holdings have the potential to serve as a valuable hedging against inflation and will not be the subject of dilution as so many overpressed authorities issued currencies,” he added.
