The video-sharing platform Rumble has announced plans to diversify its corporate treasury by allocating a portion of its excess cash reserves to Bitcoin. The company’s Board of Directors approved the new strategy, which could see Rumble invest up to $20 million in the cryptocurrency. With the latest Bitcoin investment announcement, the video sharing platform is looking to strengthen ties with the cryptocurrency community. Rumble’s new Bitcoin allocation strategy will provide the company with flexibility, allowing it to make purchases at its discretion, depending on market conditions and business needs.
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