Rumble makes its first Bitcoin purchase as a part of its 20 million USD treasury plan

Rumble, a leading video-sharing platform in Canada, has purchased Bitcoin for the first time as part of its $20 million treasury strategy.

This investment has boosted Rumble’s stock price by 5%, indicating positive sentiment among investors and aligning the company with other Bitcoin-adopting firms such as MicroStrategy.

Rumble’s CEO, Chris Pavlovski, had previously discussed Bitcoin strategies with MicroStrategy’s Michael Saylor, signaling a commitment to integrating Bitcoin into their financial strategy.