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The crypto giant bought just over one million shares in the Toronto-founded video-streaming firm from Nov. 19 to 21 for about US$5.7 million, bringing its stake in the company to about 48.5 per cent, a Friday filing shows. Rumble was up 14.6 per cent Monday afternoon. (The Logic)
Talking point: Rumble’s tie-up with Tether continues to deepen. Tether, which issues the world’s largest stablecoin—a crypto asset pegged to the value of the U.S. dollar—invested US$775 million in Rumble last year. In September, Tether announced plans to use Rumble’s platform to distribute a new stablecoin that’s compliant with U.S. regulations. Earlier this month, Rumble announced that Tether had also made a US$100-million advertising commitment, and will buy US$150 million in GPU services from it. Rumble is set to acquire German AI and cloud computing firm Northern Data, which is also backed by Tether.
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