Rumble hosts the encryption strategy in the Trump era with the purchase of $ 17 million BTC
The Rumble video sharing platform says it has bought more than $ 17 million in Bitcoin as part of a pre -announced investment strategy.
In the notice of March 12, Al -Dammamah He said It has added 188 bitcoin (BTC) For her cabinet for about $ 17.1 million. Investment, CEO Chris Pavlovsky suggested In November after Donald Trump’s victory in the US presidential election, he was described as hedging against inflation and part of a broader step to deepen relations with the encryption industry.
The statute hinted that it can make additional bitcoin purchases depending on market factors. Although Rumble was not specifically mentioned Trump or his attempts to create a strategic bitcoin reserves and coding stocks at the federal level, Pavlovsky’s publications on social media have suggested strong support for the policies of the US President.
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The Rumble Cloud is currently hosting Trump’s social media platform, social truth – the basic way for the president of public communications – and I entered In an agreement with the El Salvador government in January to provide services. Cointelegraph communicates to Rumble to comment but he did not receive a response at the time of publication.
Related to: Tether pour 775 million dollars on the Rumble video sharing platform
With Bitcoin in its public budget, Rumble joins a list of companies that have it I invested in encryption After the November elections, including AI Genius Group and the Semler Scientific Company. Rumble shares price has decreased around 34 % since January 1.
The American government can soon Hodl Bitcoin
Since January 20, the Trump administration has deepened relations between the US government and the encryption industry through executive procedures and policies.
The US Securities and Exchange Committee, one of the largest financial organizers in the country, has announced that it will lead to the overthrow of investigations and enforcement procedures against many encryption companies on allegations of unregistered securities. Trump also hosted many CEOs and CEOs at the White House on March 7 as part of a summit to discuss the proposed National Bitcoin Reserve and encryption stock.
Bitcoin proposal to Trump – which can be blocked in the law if it is Congress Prefer forward with legislation We can see all the BTC seized by the American authorities scattered instead of selling them at the auction. It is not clear how this procedure It may affect the price From the encrypted currency.
magazine: Bitcoin’s possibilities in June, SOL 485 million dollars, and more: Hodler’s Digest, 2-8 March
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