{"id":33860,"date":"2024-12-21T10:29:38","date_gmt":"2024-12-21T07:29:38","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=33860"},"modified":"2024-12-21T10:29:38","modified_gmt":"2024-12-21T07:29:38","slug":"tether-and-rumble-partnership-775m-strategic-investment","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/tether-and-rumble-partnership-775m-strategic-investment\/","title":{"rendered":"Tether and Rumble Partnership: $775M Strategic Investment!"},"content":{"rendered":"

Tether announces a $775 million investment in the alternative video-sharing platform Rumble.<\/p>\n

What is Rumble?<\/b><\/p>\n

Founded in 2013 by Chris Pavlovski, Rumble is a growing video-sharing platform positioned as an alternative to YouTube. It aims to provide content creators with more freedom and earning opportunities.<\/p>\n

Tether and Rumble Collaboration<\/b><\/p>\n

In a December 20 X post, Tether CEO Paolo Ardoino emphasized the company\u2019s belief in freedom of expression and financial independence. Ardoino stated:<\/p>\n

“Tether deeply believes in the values of freedom, and our strategic investment in Rumble underscores our mission to support companies that empower technology and people.”<\/p>\n

Rumble is known for its anti-censorship stance and stands out as a video-sharing network alternative to YouTube. This collaboration includes plans to develop joint solutions in advertising, cloud technologies, and cryptocurrency payments.<\/p>\n

Ambitious Goals from Rumble\u2019s CEO Pavlovski<\/b><\/p>\n

On the same day, Rumble CEO Chris Pavlovski expressed his intention to challenge YouTube’s global market dominance:<\/p>\n

“Watch out, YouTube. I\u2019m coming to challenge your monopolistic global market share.”<\/p>\n

Following this announcement, Rumble’s (RUM) stock price surged by 51.60%, reaching $10.90 within hours.<\/p>\n

Plans to Add Bitcoin to the Balance Sheet<\/b><\/p>\n

Rumble’s board approved a strategy to allocate part of its excess cash reserves to Bitcoin, targeting a total investment of up to $20 million.<\/p>\n

This decision came after Pavlovski conducted a poll on social media on November 19, where 93.9% of the 43,790 participants supported adding Bitcoin to Rumble’s balance sheet.<\/p>\n

\n

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0Telegram,\u00a0<\/strong><\/a>YouTube<\/strong><\/a>,\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0news<\/a>\u00a0and updates.<\/em><\/p>\n

\n","protected":false},"excerpt":{"rendered":"

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Tether and Rumble Collaboration In a December 20 X post,<\/p>\n","protected":false},"author":23,"featured_media":31789,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,10],"tags":[61,10323,10322,118],"class_list":["post-33860","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-economy-news","tag-bitcoin","tag-pavlovski","tag-rumble","tag-tether"],"yoast_head":"\nTether and Rumble Partnership: $775M Strategic Investment! - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/tether-and-rumble-partnership-775m-strategic-investment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tether and Rumble Partnership: $775M Strategic Investment! - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Tether announces a $775 million investment in the alternative video-sharing platform Rumble. 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