Youtube Rival Rumble Begins Bitcoin Purchases for Treasury, Says CEO

January 20, 2025 William Ross Business, Cryptocurrency News, Social Media 0

CEO Chris Pavlovski's Vision

In a bold move, video streaming platform Rumble, known as a rival to YouTube, has started buying Bitcoin for its treasury. This strategic decision was announced by Rumble’s CEO, Chris Pavlovski, who emphasized the potential of Bitcoin as a hedge against inflation.

Rumble’s Strategic Move into Cryptocurrency

Rumble, a conservative-leaning streaming platform, has decided to allocate part of its cash reserves to Bitcoin. According to Investopedia, the platform’s board has approved a “corporate treasury diversification strategy” to invest in Bitcoin. This move is seen as a way to protect the company’s assets from inflation and to capitalize on the growing adoption of cryptocurrency.

CEO Chris Pavlovski’s Vision

“We believe that the world is still in the early stages of the adoption of Bitcoin,” said Pavlovski. He added that Bitcoin’s value is not subject to “endless money-printing” by governments, making it a valuable asset for hedging against inflation. Pavlovski also hinted that the timing of Bitcoin purchases would depend on market conditions and the discretion of Rumble’s management.

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Rumble’s Investment Plans

Rumble plans to invest up to $20 million in Bitcoin as part of this new treasury strategy. As reported by Cointelegraph, this investment is expected to position Rumble as a leader in crypto adoption among media platforms. The company’s shares have already seen a positive impact, with a notable increase in value following the announcement.

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William Ross
About William Ross 368 Articles
I am a cryptocurrency enthusiast and writer with over five years of experience in the industry. I have been following the development and innovation of Bitcoin and Ethereum since their inception, and I enjoy sharing my insights and analysis with readers. I have written for various reputable platforms, such as CoinDesk, Cointelegraph, and Decrypt, covering topics such as market trends, regulation, security, and adoption. I believe that cryptocurrency is the future of finance and technology, and I am passionate about educating and informing people about its benefits and challenges.

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