Rumble Inc (NASDAQ:RUM) on Wednesday highlighted recent Bitcoin (CRYPTO: BTC) purchases in accordance with its bitcoin treasury strategy.
What Happened: Video-sharing platform and cloud services provider Rumble said it added approximately 188 Bitcoin to its treasury at an average price of approximately $91,000 per coin.
The $17.1 million Bitcoin purchase reinforces the company’s expansion into cryptocurrency and emphasizes its ongoing commitment to Bitcoin as a strategic asset.
“We are excited to announce these purchases and allocation of Bitcoin as part of our treasury strategy as well as a larger strategic move as we further expand our …
Full story available on Benzinga.com