Rumble Acquires $17 Million in Bitcoin for Corporate Treasury
- Rumble purchased approximately 188 BTC for $17.1 million.
- The average price per Bitcoin was $91,000.
- This purchase aligns with Rumble’s strategy to allocate $20 million to Bitcoin.
- Rumble has around $3 million left for further Bitcoin acquisitions.
- Over 70 publicly listed firms hold a total of 650,000 BTC in their treasuries.
Rumble’s acquisition of 188 BTC for $17.1 million is part of its strategy to diversify holdings and hedge against inflation, reflecting a broader trend of corporate interest in Bitcoin.
Source (2.6)https://coingape.com/rumble-implements-bitcoin-strategy-acquires-17-million-btc/?rand=24432
