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Bitcoin
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$84,110.00 0.20853
Bitcoin price
Ethereum
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$1,931.61 1.43221
Ethereum price
BNB
BNB (BNB)
$625.95 3.62625
BNB price
Solana
Solana (SOL)
$128.46 -0.83943
Solana price
XRP
XRP (XRP)
$2.35 1.38796
XRP price
Shiba Inu
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$0.000013 -4.77555
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Pepe
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$0.0000072 7.8979
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Bonk
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$0.0000112 4.67204
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dogwifhat
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$0.492546 3.46607
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Popcat
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$0.200573 6.20364
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Bitcoin
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$84,110.00 0.20853
Bitcoin price
Ethereum
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$1,931.61 1.43221
Ethereum price
BNB
BNB (BNB)
$625.95 3.62625
BNB price
Solana
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$128.46 -0.83943
Solana price
XRP
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$2.35 1.38796
XRP price
Shiba Inu
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$0.000013 -4.77555
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Pepe
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$0.0000072 7.8979
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Bonk
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$0.0000112 4.67204
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dogwifhat
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$0.492546 3.46607
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Popcat
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$0.200573 6.20364
Popcat price
Bitcoin
Bitcoin (BTC)
$84,110.00 0.20853
Bitcoin price
Ethereum
Ethereum (ETH)
$1,931.61 1.43221
Ethereum price
BNB
BNB (BNB)
$625.95 3.62625
BNB price
Solana
Solana (SOL)
$128.46 -0.83943
Solana price
XRP
XRP (XRP)
$2.35 1.38796
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.000013 -4.77555
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000072 7.8979
Pepe price
Bonk
Bonk (BONK)
$0.0000112 4.67204
Bonk price
dogwifhat
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$0.492546 3.46607
dogwifhat price
Popcat
Popcat (POPCAT)
$0.200573 6.20364
Popcat price

Rumble makes $17.1m purchase of 188 Bitcoin

Jayson Derrick
Edited by
News
Rumble makes $17.1m purchase of 188 Bitcoin

Video platform Rumble has acquired approximately 188 Bitcoin for $17.1 million, averaging $91,000 per coin.

This purchase comes as part of its Bitcoin (BTC) treasury strategy. The company announced a plan to allocate up to $20 million to Bitcoin, emphasizing its desire to branch out into the cryptocurrency sector.

CEO Chris Pavlovski spoke on Bitcoin’s role as a hedge against inflation and its alignment with Rumble’s broader crypto-focused strategy.

 “These holdings have the potential to serve as a valuable hedge against inflation and will not be subject to dilution like so many overprinted government-issued currencies,” Pavlovski said.

Rumble, known for its video-sharing and cloud services, has positioned itself as a platform catering to the crypto community. The company stated that future Bitcoin purchases will depend on market conditions, Bitcoin’s price, and Rumble’s financial needs

Investing in Bitcoin as a treasury

Rumble’s move into crypto and Bitcoin reflects a trend among public companies, such as MicroStrategy and Marathon Digital, which are adopting Bitcoin as part of their treasury management strategies. 

Last December, Tether made a $775 million investment in the platform, with a portion of the funds designated for growth initiatives.

In addition to its crypto investments, Rumble recently announced a cloud services partnership with the government of El Salvador, further solidifying its crypto ties.