Rumble (RUM) Expands Corporate Treasury with $17.1 Million Bitcoin (BTC) Purchase Amid Stock Volatility

On March 12, COINOTAG News reported significant movements within the crypto space as Rumble (RUM), a Nasdaq-listed video-sharing platform supported by Tether, made a substantial investment of $17.1 million to acquire Bitcoin (BTC). This transaction adds 188 BTC to Rumble’s corporate treasury, with an average purchase price of approximately $91,000 per BTC. Following this announcement, Rumble’s stock demonstrated volatility, with a decline of 2.38% at the previous trading day’s close. However, the pre-market trading session observed a rebound, showcasing a nearly 4% increase, bringing Rumble’s shares up to $8.1. This strategic acquisition underscores the growing trend of corporate adoption of cryptocurrencies, reflecting a broader market shift toward digital assets as viable treasury reserves.