(CNBC) Rumble, a video platform aimed at conservatives, said Monday evening that it will begin allocating a portion of its excess cash reserves to bitcoin and making purchases of up to $20 million in the cryptocurrency. Shares rose nearly 4% in extended trading. “We believe that the world is still in the early stages of the adoption of bitcoin,” Rumble chairman and CEO Chris Pavlovski said in a statement Monday.
Video platform Rumble plans to buy up to $20 million in bitcoin in new treasury strategy
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