Rumble CEO Chris Pavlovski recently announced that the company has made its first Bitcoin purchase as part of its $20 million treasury strategy. The purchase was made on January 17, although the exact amount of Bitcoin bought has not been disclosed. Rumble is following in the footsteps of other public companies, such as MicroStrategy, Semler Scientific, Marathon Digital, and Metaplanet, who have all implemented a Bitcoin treasury strategy. This strategy has generated increased interest in these companies’ stocks, as investors see them as a way to gain exposure to Bitcoin.
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