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Among today’s Bitcoin news, the announcement by Rumble stands out with its new strategy of purchasing BTC as a corporate reserve. In the plan, the video sharing company and cloud service provider stated its intention to purchase bitcoin for 20 million dollars.  Bitcoin News: Rumble implements the strategy of purchasing BTC as a corporate reserve Rumble, video platform for rights management, will spend up to 20 million dollars to purchase Bitcoin (BTC) as a corporate reserve.  BREAKING: Rumble Announces Bitcoin Treasury Strategy “Rumble’s Bitcoin allocation strategy will include purchases, at the discretion of the company, ofup to $20 million.” pic.twitter.com/J40IuW1Nnp — Rumble 🏴‍☠️ (@rumblevideo) November 25, 2024 “BREAKING: Rumble announces the Bitcoin treasury strategy “Rumble’s Bitcoin allocation strategy will include purchases, at the company’s discretion, of up to 20 million dollars.” In practice, the Board of Directors of Rumble has approved a strategy for diversifying the company’s treasury that involves allocating a portion of the company’s excess cash reserves into Bitcoin. This strategy involves purchasing bitcoin at the company’s discretion, up to the equivalent of 20 million dollars.  The company wants to emphasize its confidence in BTC as a valuable tool for strategic planning and aims to accelerate its expansion in the crypto sector.  Bitcoin News: Rumble and the trust in BTC and the crypto sector Chris Pavlovski, CEO of Rumble, expressed his opinion on the matter, highlighting how with the new US presidential administration favorable to crypto and the increase in institutional adoption, it will increase the adoption of Bitcoin more and more.  Here are his words: “We believe that the world is still in the early stages of Bitcoin adoption, which has recently accelerated with the election of a U.S. presidential administration favorable to cryptocurrencies and with the increase in institutional adoption. Unlike any other currency issued by…

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Filed under: News - @ November 26, 2024 11:17 am