Rumble Platform Starts Investing in Bitcoin
Date: 2025-01-21 Author: Henry Casey Categories: BUSINESS
Rumble made its first Bitcoin purchase on January 17, 2025. CEO Chris Pawlowski confirmed this on January 20, noting that the company is not going to stop there.
Back in November 2024, Rumble management announced its intention to invest $20 million in Bitcoin. Pawlowski explained that this decision was based on faith in the long-term prospects of the first cryptocurrency. According to him, Bitcoin's popularity is gradually growing due to its loyal policy and increasing interest from institutional investors.
The head of the company also noted Bitcoin's resistance to inflation. The limited number of coins - only 21 million - makes BTC a reliable asset for protecting the company's capital.
Rumble, with 67 million monthly active users, is known for its democratic content moderation policy. In December 2024, the platform received a significant investment from Tether — more than $775 million.
According to Bitcoin Treasuries, more than 70 companies listed on the exchange currently hold a total of approximately 600,000 BTC. MicroStrategy holds the lead with a treasury stock of 450,000 bitcoins. Rumble's decision to join this list highlights the growing recognition of bitcoin as a strategic asset.
