Saylor’s BTC Gospel Pays Off as Rumble Unveils $20M Strategy
- Rumble is embracing Bitcoin.
- Bitcoin advocate Michael Saylor has cheered the decision.
- Saylor’s MicroStrategy is still stacking up BTC.
MicroStrategy Chair Michael Saylor has solidified his reputation as one of Bitcoin’s most vocal advocates in recent years, tirelessly championing its potential. Riding the wave of the asset’s recent rally, Saylor has intensified his efforts, promoting Bitcoin as a worthy investment option to other major institutional players.
Among his latest engagements are digital platform Rumble and tech giant Microsoft, and the MicroStrategy chief’s advocacy is yielding results.
Rumble Bets on Bitcoin
Popular video-sharing and cloud services platform Rumble is the latest to embrace crypto giant Bitcoin. In a November 25 statement , the firm unveiled a first-of-its-kind treasury strategy focused on accumulating BTC.
Sponsored
Rumble’s announcement followed an exchange between CEO Chris Pavlovski and Saylor on social media platform X, where Saylor encouraged the firm to invest in Bitcoin and even offered to share his expertise after the firm expressed interest.
Michael Saylor has also shared congratulatory notes to Rumble and its CEO following the announcement, praising the firm’s decision to invest in the crypto giant. Rumble’s BTC treasury strategy will include purchases of up to $20 million BTC, as part of the firm’s belief in the cryptocurrency as a strategic asset and an inflation hedge.
As the video platform joins the Bitcoin revolution, Saylor’s own company, MicroStrategy, continues to expand its Bitcoin holdings.
MicroStrategy Stacks More BTC
MicroStrategy’s multi-billion dollar Bitcoin stash has grown stronger over the years, bolstered by fresh purchases. The firm began its buying spree in August 2020, when the asset was trading just around $10,000.
Most recently, the company made its biggest set of acquisitions to date between November 18 and November 24, 2024, purchasing 55,500 Bitcoins for approximately $5.4 billion. The latest purchase followed two initial purchases in the same month, each valued around $2 billion.
MicroStrategy’s Bitcoin stash now holds 386,700 BTC, valued at approximately $36.22 billion at current prices. With this substantial holding, the firm holds the position of the largest corporate Bitcoin holder.
On the Flipside
- BTC has surged over 800% since MicroStrategy commenced its buying spree.
- Whether Saylor’s push for Microsoft to adopt Bitcoin will bear fruit, like Rumble’s decision, remains to be seen.
- At press time, BTC is trading slightly over $93,000.
Why This Matters
Despite Michael Saylor’s influence, Rumble’s move to invest in Bitcoin is largely a testament to the asset’s remarkable performance and growing reputation as a reliable store of value.
Read this article to learn about Michael Saylor’s stance on altcoins:
Bitcoin Maxi Saylor Softens Stance on Altcoins, Sort Of
Whispers around XRP ETF are mounting, discover the latest update here
XRP ETF Dream Nears Reality as New Filing Goes Live
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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