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Rumble is officially entering the competition to establish a crypto-oriented portfolio. In a Twitter\/X announcement by Chris Pavlovski, the CEO of Rumble, a poll was conducted to inquire whether the community believes the company should contemplate integrating Bitcoin<\/a> into its portfolio.<\/p>\n The poll on social media gained momentum and attracted over 39,000 votes, with the majority of participants responding \u201cYes\u201d to the initiative.<\/p>\n Pavlovski\u2019s message quickly drew the attention of traders and market experts. Rumble Inc (RUM) stock<\/a> surged by 9% during after-hours trading on November 19th, hitting an intra-day peak of $6.20. The video streaming firm\u2019s financial statement reveals $132 million in cash and cash equivalents as of the third quarter.<\/p>\n What began as a \u201clight-hearted jab\u201d from Pavlovski evolved into a serious dialogue with MicroStrategy\u2019s Michael Saylor. In response to Pavlovski\u2019s tweet, Saylor concurred with the community’s sentiment to incorporate Bitcoin and even expressed willingness to further discuss the plans.<\/p>\n Absolutely. I\u2019d be glad to elaborate on why & how with you.<\/p>\n \u2014 Michael Saylor\u26a1\ufe0f (@saylor) November 19, 2024<\/a><\/p>\n<\/blockquote>\n Pavlovski hinted that he was sending a clear signal regarding the seriousness of Rumble’s leadership towards exploring potential opportunities, and that he intends to engage Saylor for support.<\/span> Pavlovski\u2019s entertaining survey managed to capture significant interest from Twitter users. At the time of writing, it had accumulated over 39,400 votes, with more than 93% of respondents answering \u201cYes.\u201d During trading on November 19th, the company\u2019s stock spiked momentarily at $6.20 before concluding the day at $5.78.<\/p>\n Should Rumble add Bitcoin to its balance sheet?<\/p>\n \u2014 Chris Pavlovski (@chrispavlovski) November 19, 2024<\/a><\/p>\n<\/blockquote>\n Rumble<\/a> is a prominent video-sharing platform competing with YouTube. The firm also operates a cloud services sector that includes Truth Social, a social media network owned by Donald Trump, the upcoming president of the United States.<\/span> The competitor to YouTube boasts 67 million active users and became publicly traded on Nasdaq in September 2022. By the conclusion of the third quarter, the company’s financial records reflect $132 million in cash and cash equivalents.<\/p>\n Rumble generated $25 million in revenue during the third quarter, representing a 39% increase compared to the previous year. Nevertheless, the company\u2019s latest financial outcomes did not meet analysts\u2019 expectations, as revenues decreased by 14%.<\/p>\n<\/p>\n The Genius Group plans to allocate 90% of its reserves towards this leading digital asset. According to Bitcoin Treasuries Data, MetaPlanet has recently obtained $11.3 million worth of tokens, increasing its total holdings to 1,142.2 Bitcoin.<\/p>\n Similarly, Semler Scientific entered the market by purchasing $17.7 million in tokens, raising its total to 1,273 Bitcoins.<\/p>\n The consideration by Rumble of a Bitcoin strategy highlights the increasing significance of crypto and blockchain. The recent triumph of MicroStrategy has prompted many enterprises to evaluate Bitcoin for their asset and strategy considerations.<\/p>\n Featured image from Invesco, chart from TradingView<\/em><\/p>\n<\/p><\/div>\nRumble Hints at Bitcoin Investment, Receives Feedback from Saylor<\/h2>\n
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Rumble Aims To Enlarge Its Portfolio<\/h2>\n
<\/span><\/p>\nBTCUSD trading at $97,125 on the daily chart: TradingView.com<\/a><\/pre>\n
Rumble Joins the Expanding Roster of Tech Corporations With BTC<\/h3>\n