Rumble (RUM) Globenewswire·2025-03-12 12:30Core Viewpoint - Rumble has added approximately 188 Bitcoin to its treasury at an average price of about $91,000 per coin, aligning with its strategy to allocate up to $20 million to Bitcoin, highlighting its commitment to cryptocurrency as a strategic asset [1][2]. Company Strategy - The acquisition of Bitcoin is part of Rumble's treasury strategy and a broader initiative to strengthen its connections within the cryptocurrency industry, viewing Bitcoin as a hedge against inflation and a non-dilutive asset compared to traditional currencies [2]. - The company emphasizes its role as a leading video and cloud services platform for the crypto community, integrating cryptocurrency into its operational framework [2]. Financial Details - Rumble's Bitcoin purchase reflects a significant investment, with the total allocation strategy set at up to $20 million, indicating a strong belief in the long-term value of Bitcoin [1][2]. - The average purchase price of Bitcoin was approximately $91,000, which positions the company strategically in the cryptocurrency market [1]. Company Overview - Rumble is characterized as a high-growth video platform and cloud services provider, aiming to create an independent infrastructure and restore the internet to its foundational principles of freedom and openness [3].