Rumble has become the latest company to confirm plans to add Bitcoin to its balance sheet after its CEO teased the idea on social media on Nov. 20.
YouTube alternative Rumble has become the latest company to confirm plans to add Bitcoin to its balance sheet, just days after its CEO teased the idea on social media.
In a Nov. 25 statement, the video-sharing platform said its board of directors approved the strategy, allocating a portion of the company’s excess cash reserves to Bitcoin at the discretion of the company of up to $20 million.
According to Rumble, any purchases will also be “determined by management in its discretion and will depend on several factors,” such as the market conditions and price of Bitcoin (BTC).
