Rumble to spend up to $20M on Bitcoin in new treasury strategy
Rumble has become the latest company to confirm plans to add Bitcoin to its balance sheet after its CEO teased the idea on social media on Nov. 19.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Rumble has become the latest company to confirm plans to add Bitcoin to its balance sheet after its CEO teased the idea on social media on Nov. 19.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Meet the New Bitcoin Treasury Firm That Already Plans to Sell BTC
Most bitcoin treasury companies follow the buy-and-try-to-hold model pioneered by Strategy, the publicly traded giant with nearly...
Michael Saylor Eyes $160B Bitcoin Credit Opportunity Beyond Strategy and Strive
Key Takeaways: Michael Saylor says Bitcoin issuers can scale hand-in-hand but not compete. From its mere 0.1% of the world’s major...
Strategy has burned through 64% of its STRC rescue fund
Strategy, Michael Saylor’s BTC treasury company, has expended 64% of its once-$2 billion fund to repurchase STRC. After 10 weeks o...
OpenWorld Begins Nasdaq Trading As VerifyMe Deal Creates Public Tokenization Company
TL;DR OpenWorld and VerifyMe have completed their business combination, with the combined company trading on Nasdaq under OPNW fro...
Arkham Says It Tracks 78% of Strategy’s 847,666 Bitcoin Holdings
Strategy’s bitcoin holdings are increasingly visible through blockchain tracking, with Arkham identifying approximately 78% of the...
Jack Dorsey’s Block Launches Campaign To Get People Spending Bitcoin
Bitcoin Magazine Jack Dorsey’s Block Launches Campaign To Get People Spending Bitcoin Jack Dorsey’s Block continues the push to ma...