Rumble secures $775 million investment and expands into crypto market

Rumble just got a huge boost that will help it grow even more. The streaming platform, known for its focus on free speech and right-wing perspectives, received a $775 million investment from Tether, a major player in the world of cryptocurrency.

Out of that investment, $250 million will go directly into Rumble’s operations. Ever since Rumble’s big day on Election Day when top right-wing personalities like Dan Bongino and Steven Crowder brought in record viewership, the company has been looking to expand. With rumors swirling about the need for more funding, Tether stepped in to help out.

Tether’s investment in Rumble goes beyond money; it’s also about values. The CEO of Tether highlighted their mutual commitment to decentralization, independence, transparency, and freedom of expression. Rumble’s CEO, Chris Pavlovski, is excited about the partnership and how it will propel Rumble into its next phase of growth.

Apart from boosting operations, the investment will also allow Rumble to offer a self-tender option for its stakeholders. In addition, the company plans to invest some of its cash reserves into Bitcoin, in line with the growing trend of cryptocurrencies in today’s market.

With the recent surge in crypto markets following the re-election of Donald Trump, Rumble’s move to increase its cryptocurrency investments seems timely. Backed by influential figures like J.D. Vance and with a board member from the Trump administration, Rumble and Tether are well-positioned to benefit from the changing landscape under the new government.