Rumble has successfully executed its first Bitcoin buy, following the announcement of a strategy to incorporate Bitcoin into its treasury reserves. The specific amount of Bitcoin purchased remains undisclosed, but Rumble indicated that up to 20 million USD was to be invested in this asset.
In a statement, CEO Chris Pavlovski mentioned that this inaugural purchase is just the start, hinting at more Bitcoin acquisitions in the future. The company’s strategy reflects a growing trend among major corporations, including MicroStrategy, who view Bitcoin as a valuable store of assets.