Nasdaq-listed company Rumble buys 188 BTC for $17.1 million

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Video sharing platform Rumble, listed on Nasdaq, announced the purchase of 188 BTC for $17.1 million, at an average price of $91,000. This move is part of Rumble's previously disclosed plan to adopt a BTC fund strategy, allocating $20 million of cash reserves to BTC. Rumble CEO Chris Pavlovski stated that future purchases will depend on market conditions, BTC prices, Rumble's cash flow needs, and other factors. Previously, Tether invested $775 million in the company at the end of last year. (CoinDesk)

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