Rumble's CEO Hints at Embracing Bitcoin for Treasury Strategy
Rumble stock sees a rise as CEO hints at a potential strategy to integrate Bitcoin into the company's finances.
Video-sharing platform Rumble is gaining traction during U.S. trading hours after CEO Chris Pavlovski hinted at a potential bitcoin treasury strategy. He posed the question, "Should Rumble add Bitcoin to its balance sheet?" which attracted a response from MicroStrategy's Michael Saylor, a notable advocate for corporate bitcoin adoption. Saylor replied, "Yes, I would be happy to discuss why and how with you. DM'ing you now."
Following their exchange, Rumble's stock, which had been slightly down, rallied by approximately 7% before settling at a 3.3% increase for the day.
Additionally, on this day, bitcoin achieved a new record high, exceeding $94,000, reflecting growing excitement around corporate bitcoin adoption. In its third quarter, Rumble reported $25.1 million in revenue, representing a 39% increase from the previous year.
