Rumble Stock Soars After Strategic Bitcoin Treasury Adoption
Rumble Inc. (NASDAQ:RUM) climbed 5.75% in pre-market trading on Tuesday, according to Benzinga Pro. This surge follows the announcement of a new Bitcoin treasury strategy by the company. The board approved a plan that allows Rumble to invest part of its surplus cash reserves into Bitcoin. This move aligns with Bitcoin’s recent impressive performance and aims to leverage the benefits of cryptocurrency investment. Investors are now keen to see how this strategy will affect Rumble’s future market position and growth potential.
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