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Video sharing platform Rumble spent $17.1 million to purchase 188 BTC

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Reprinted from panewslab

03/12/2025·1M

PANews March 12th news, according to CoinDesk, Nasdaq-listed video sharing platform Rumble has invested $17.1 million to purchase Bitcoin, adding 188 BTC to its company's funds. The average purchase price per bitcoin is $91,000.

The move is part of a previously disclosed plan by Rumble that will adopt a Bitcoin funding strategy and allocate up to $20 million in cash reserves to Bitcoin. Rumble CEO Chris Pavlovski said the decision was part of his further entry into the crypto industry.

The company added that future purchases will depend on factors such as market conditions, Bitcoin price and Rumble’s cash flow demand.

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