Web Analytics
BitcoinSistemi
2025-03-12 17:19:08

Another Giant Company Listed on Nasdaq Announces Bitcoin Purchase – Here is the Average Purchase Price

Nasdaq-listed video sharing platform Rumble (RUM) announced that it has made a significant investment in Bitcoin by purchasing 188 BTC for $17.1 million. The purchase was made at an average price of $91,000 per coin as part of the company’s broader strategy to embrace Bitcoin as a treasury asset. The move also appears to align with Rumble’s previously announced plan to allocate up to $20 million of its cash reserves to Bitcoin. CEO Chris Pavlovski has stated that he supports the company’s increased involvement in the crypto space, citing Bitcoin’s potential as a hedge against inflation. “These assets have the potential to provide a valuable hedge against inflation and will not be subject to dilution like many government-issued currencies,” Pavlovsky said in a press release. Related News: The Country That Lifted the Bitcoin (BTC) Ban in June Is Moving Fast! "Will Use Cryptocurrencies in Payments!" Rumble also noted that future Bitcoin purchases will depend on a variety of factors, including market conditions, BTC price fluctuations, and the company's cash flow requirements. The investment follows a major development late last year when Tether, the world’s largest stablecoin issuer, bought a $775 million stake in Rumble, demonstrating the growing intersection between the video-sharing platform and the cryptocurrency sector. *This is not investment advice. Continue Reading: Another Giant Company Listed on Nasdaq Announces Bitcoin Purchase – Here is the Average Purchase Price

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.