Rumble, a listed company, plans to use its cash reserves to purchase $20 million worth of Bitcoin

Odaily Planet Daily News: Rumble, a Nasdaq listed company and video sharing and cloud service platform, announced that as part of its new company's financial diversification strategy, it plans to invest up to $20 million of its excess cash reserves in Bitcoin. The board of directors has approved this allocation, aimed at positioning Bitcoin as a strategic asset and inflation hedge tool in its finances. The company plans to integrate cryptocurrency into its ecosystem, supporting Rumble's mission of establishing independent infrastructure and promoting open Internet. The purchase of Bitcoin will be decided by the management, taking into account market conditions, Bitcoin transaction prices, and the company's cash flow needs. （CryptoBriefing）