Rumble Stock Jumps After Stablecoin Giant Tether Buys 1 Million Shares

Shares in publicly traded video streaming platform Rumble are up more than 14% on Monday amid news that stablecoin giant Tether acquired another 1 million shares in the firm, valued around $5.75 million at the time of Friday’s disclosure. Data pulled from a recent SEC filing for Tether Holdings shows the firm acquired 1,063,670 additional shares of RUM in three separate transactions last week, at prices ranging between $5.38 and $5.46.  USDT issuer Tether now owns nearly 104.4 million Rumble shares based on ...