The Rumble video sharing platform says it has bought more than $ 17 million in Bitcoin as part of a pre -announced investment strategy.
In the notice of March 12, Al -Dammamah He said She added 188 Bitcoin (BTC) to her wardrobe for about $ 17.1 million. The investment, which was proposed by CEO Chris Pavlovsky in November after Donald Trump’s victory in the US presidential election, invested as hedging against inflation and part of a broader step to deepen relations with the encryption industry.
The statute hinted that it can make additional bitcoin purchases depending on market factors. Although Rumble was not specifically mentioned Trump or his attempts to create a strategic bitcoin reserves and coding stocks at the federal level, Pavlovsky’s publications on social media have suggested strong support for the policies of the US President.
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The Rumble Cloud is currently hosting Trump’s social media platform, social truth – the basic way for the president of public communications – and I entered In an agreement with the El Salvador government in January to provide services. Cointelegraph communicates to Rumble to comment but he did not receive a response at the time of publication.
Related to: Tether pour 775 million dollars on the Rumble video sharing platform
With Bitcoin in its public budget, Rumble joins a list of companies that have invested in Crypto after the November elections, including Genius Group and AI Semler Scientific. Rumble shares price has decreased around 34 % since January 1.
Since January 20, the Trump administration has deepened relations between the US government and the encryption industry through executive procedures and policies. The US Securities and Exchange Committee, one of the largest financial organizers in the country, has announced that it will lead to the overthrow of investigations and enforcement procedures against many encryption companies on allegations of unregistered securities. Trump also hosted many CEOs and CEOs at the White House on March 7 as part of a summit to discuss the proposed National Bitcoin Reserve and encryption stock. Bitcoin’s proposal reserves from Trump – which can be blocked in law if Congress advances forward with legislation – may see that all American authorities seized by the American authorities flow instead of selling them at the auction. It is not clear how this procedure can affect the price of encoded currency. magazine: Bitcoin’s possibilities in June, SOL 485 million dollars, and more: Hodler’s Digest, 2-8 March
The American government can soon Hodl Bitcoin
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