Tether• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Tether Invests $775 Million
in Rumble Following
YouTube Rival's
Bitcoin Push
Tether• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Tether Invests $775 Million in Rumble Following YouTube Rival's Bitcoin
Push
Stablecoin issuer• Экономика » Финансы » Инвестиции » Эмитент Tether• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Tether has committed $775 million to rising streaming video
platform Rumble, which has adopted a Bitcoin reserve strategy.
By Jason Nelson
Dec 21, 2024 Dec 21, 2024
3 min read
Tether• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Tether is the company behind the USDT stablecoin. Image: Shutterstock
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Stablecoin issuer• Экономика » Финансы » Инвестиции » Эмитент Tether• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Tether announced on Friday that it is investing $775 million
in streaming video platform Rumble, a rival to YouTube that bills itself as an
anti-censorship platform.
The company behind the USDT stablecoin called the deal a “definitive
agreement,” and it would begin with a primary investment• Экономика » Финансы » Инвестиции of $250 million in
cash.
The deal, Tether• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Tether said, will see the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта company ultimately receive
103.3 million shares of Rumble common stock. Rumble CEO Chris Pavolski will
retain a controlling stake in the streaming platform. At $7.50 per share of
common stock, Tether• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Tether’s $775 million investment• Экономика » Финансы » Инвестиции in Rumble is expected to close
in early 2025.
Tether• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Tether Announces $775 Million Strategic Investment• Экономика » Финансы » Инвестиции in Rumble ( @rumblevideo )
to Boost Decentralized and Community-Owned Media Platforms
Read more: https://t.co/2lRvcd6LJW
— Tether• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Tether (@Tether• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Tether_to) December 20, 2024
Following the announcement, Rumble’s RUM stock rose 40.75% in after-hours
trading and is currently priced at $10.57, according to MarketWatch .
Launched in 2013 by technology entrepreneur Chris Pavlovksi, Rumble is a video
streaming platform focused on free speech. It has become a popular alternative
to YouTube for conservative and far-right content creators.
“Tether• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Tether’s investment• Экономика » Финансы » Инвестиции in Rumble reflects our shared values of decentralization,
independence, transparency, and the fundamental right to free expression,”
Tether• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Tether CEO Paolo Ardoino said in a statement. “In today’s world, legacy media
has increasingly eroded trust, creating an opportunity for platforms like
Rumble to offer a credible, uncensored alternative.”
Tether• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Tether and Rumble did not immediately respond to requests for comment by
Decrypt .
BREAKING NEWS: Rumble Announces $775 Million Strategic Investment• Экономика » Финансы » Инвестиции from Tether• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Tether
"Beyond our initial shareholder stake, Tether• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Tether intends to drive towards a
meaningful advertising, cloud, and crypto payment solutions relationship with
Rumble.” - @paoloardoino pic.twitter.com/eDm2O8GIyY
— Rumble ð´☠️ (@rumblevideo) December 20, 2024
“I truly believe Tether• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Tether is the perfect partner that can put a rocket pack on
the back of Rumble as we prepare for our next phase of growth,” Rumble
chairman and CEO Chris Pavlovski said in a statement.
In November, Rumble’s Board of Directors approved the creation of a Bitcoin
reserve as the price of BTC climbed toward $100,000. Rumble said the company
plans to purchase up to $20 million in Bitcoin, joining other publicly traded
companies, including MicroStrategy , Marathon Digital Holdings , and Tesla• Объект бренды » Бренды на t » Tesla
that have added Bitcoin to their balance sheets.
“We believe that the world is still in the early stages of the adoption of
Bitcoin, which has recently accelerated with the election of a crypto-friendly
U.S• Соединённые Штаты Америки (США). presidential administration and increased institutional adoption,”
Pavlovski said at the time. “Unlike any government-issued currency, Bitcoin is
not subject to dilution through endless money-printing, enabling it to be a
valuable inflation hedge and an excellent addition to our treasury.”
Edited by Andrew Hayward
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