Key Takeaways
- Rumble's CEO, Chris Pavlovski, proposes a new Bitcoin and USDT tipping feature for creators.
- Rumble recently received a massive $775 million investment from Tether.
- Rumble recently adopted a Bitcoin strategy by allocating $20 million of its excess cash reserves into Bitcoin.
Rumble's New Bitcoin Tipping Proposal
Rumble CEO Chris Pavlovski has hinted at introducing a Bitcoin and USDT tipping feature for content creators.
This proposal follows a significant partnership between Rumble and Tether, the largest issuer of stablecoins.
Imagine you can easily tip your favorite creators with $BTC or $USDT directly on Rumble.
— Chris Pavlovski 🏴☠️ (@chrispavlovski) December 23, 2024
$775M Investment from Tether
Tether invested $775M in Rumble by purchasing 103.3M shares at $7.50 each, boosting Rumble's stock by 76%.
The investment aims to strengthen Rumble's financials, support growth, and enhance liquidity through share buybacks.
Rumble's Broader Bitcoin Strategy
Rumble's board recently approved the allocation of up to $20M in Bitcoin, adding Bitcoin to its financial strategy.
This move mirrors actions by other firms like MicroStrategy, Metaplanet and Semler Scientific.
