Mentioned:
Rumble has been taking on a battle with censorship. Now, they’re ready for their next challenge: Bitcoin.
What’s happening:
- Rumble (NASDAQ: RUM) has announced they plan to allocate up to $20M USD of their excess cash into purchasing Bitcoin to hold directly as an asset
Why it matters:
- Rumble has become a prominent player in the movement towards protecting free speech, which has won them a large following of individuals who are passionate about decentralization and the future of Bitcoin
- Publicly traded companies have been relentlessly accumulating Bitcoin, led by MicroStrategy’s (NASDAQ: MSTR) latest multi billion dollar buying spree as well as smaller publicly listed companies in Canada beginning to hold Bitcoin directly as an asset
Going deeper:
- Many notable celebrities and content creators have partnered with Rumble amidst frustrations with censorship on popular social media platforms, including Russell Brand, Donald Trump and others
- Rumble has also been making a big push towards expanding into gaming and has publicly stated they are incubating new projects which will leverage crypto and digital assets
