Video-sharing platform Rumble recently disclosed purchasing over $17 million worth of Bitcoin as part of a strategic investment plan. The acquisition of 188 Bitcoin, totaling $17.1 million, was initiated following CEO Chris Pavlovski's recommendation post Donald Trump's US presidential win. This move was aimed at safeguarding against inflation and strengthening connections within the crypto sector. While not directly referencing Trump's efforts to establish a national Bitcoin reserve, Pavlovski's social media activity indicated support for the former president's initiatives. Rumble, which hosts Trump's Truth Social platform, also collaborated with El Salvador's government. The company hinted at potential additional Bitcoin acquisitions based on market conditions. This investment aligns Rumble with other firms like Genius Group and Semler Scientific that entered the crypto space post the election. Trump's administration has further solidified ties with the crypto industry through various policies and actions, including discussions on a proposed national Bitcoin reserve.
