Rumble gets $ 17.1 million in Bitcoin within the Treasury Strategy

“We are excited to announce these purchases and distribution Bitcoin as part of our Treasury strategy, as well as a higher strategic move, because we further expand our relationships with the crypto industry,” said President Rumble Chris Pavlovski. “These farms have the potential to serve as a valuable hedge against inflation and will not be subject to the currency of the Government’s edited. We are proud to keep Bitcoin as we continue and install the crypto in the DNA of our company.”

Announcement follows Previously Rumble discovered The Diversification Strategy in the Corporate Treasury, approved by the Board of Directors. The strategy aims to take advantage of Bitcoin as a strategic tool for accelerating the expansion of a company in digital property, at the same time strengthening its financial position.

“We believe that the world is still in the early stages of the adoption of Bitcoin, which recently accelerated with the choice of crypto-American presidential administration and increased institutional adoption,” Pavlovski said. “Unlike any currency from the government, Bitcoin is not subject to endless printing of money, allowing it to make our own intercourse. We also strengthen our efforts to become a leading platform for video and clouds for the CIPTO community.”

The company noted that the actual time and value of any future purchase of Bitcoin depends on various factors, including general market conditions, Bitcoin trade and refined rumble needs. Rumble said their strategy would remain flexible and could be modified, suspended or suspended at any time based on the company’s discretion.