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Rumble buys $17M in Bitcoin, plans more 'strategic' crypto investments
Rumble announced on March 12 that it bought Bitcoin at an average cost of $91,000 for each rolling coin as the most recent iteration of a multi-faceted approach to incorporating crypto into its business. CEO Chris Pavlovski had announced that Rumble intended to purchase up to $20 million in Bitcoin. Rumble made its first round of purchases on January 20, the day of President Trump's inauguration, but did not disclose the total amount purchased then. "The actual timing and value of additional Bitcoin purchases, if any, will be determined by management at its discretion," Rumble said. The company also clarified ... (full story)
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- Posted: Mar 13, 6:50am (42 hr ago)
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 181
