📌 YouTube competitor YouTube Rumble announces up to $220,000 in Bitcoin Treasury Strategy
-Competitor YouTube Rumble announces up to 20000000 dollars in Bitcoin Treasury Strategy – Daily Hodl
YouTube competitor Rumble said it will commit up to $2,000 million in additional cash to bitcoin (BTC).
The online video platform said in a press release this week that its board of directors voted to approve a new “corporate treasury diversification strategy.
Chris Pawlowski, Rumble’s chairman and CEO, said his company believes in the promise of bitcoin and wants to strengthen its relationship with the cryptocommunity.
“We believe the world is still in the early stages of bitcoin adoption, a process that has recently accelerated with the U.S. presidential election to govern the cryptocurrency and increased institutional adoption. Unlike any government currency, bitcoin is not subject to erosion due to endless money printing, making it a valuable hedge against inflation and a great addition to our coffers
According to the press release, the actual timing and value of Rumble’s future bitcoin purchases is left to the discretion of the company’s management.
Rumble is known for its customer-centricity and anti-censorship efforts, as well as offering web hosting and cloud services.