CandleFocus Bitcoin Adoption Grows As Rumble Unveils $20 Million BTC Treasury Strategy
2024-11-27
Author: Content Editor
Video-sharing and cloud services platform Rumble has announced a BTC treasury strategy, becoming the latest company to embrace Bitcoin. Rumble plans to purchase up to $20 million worth of BTC, describing it as a "valuable tool for strategic planning." The announcement followed a successful poll among users, with over 93% in favor of adding Bitcoin to Rumble's balance sheet. The company's stock price surged by 12.63% after the news. Rumble's decision follows in the footsteps of MicroStrategy, which recently acquired an additional 55,000 BTC. Other companies, such as Metaplanet, are also increasing their Bitcoin holdings. There is speculation that major tech giants, including Dell and Microsoft, may enter the Bitcoin market, potentially driving up its price.
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