Stock Track | Rumble Inc. (RUM) Soars 5.46% in Pre-Market Trading on CEO's Bitcoin Adoption Tease

Stock Track11-20 17:26

Shares of Rumble Inc. (RUM), the video-sharing platform, surged 5.46% in pre-market trading on Wednesday, building on the stock's after-hours rally following a tweet from CEO Chris Pavlovski hinting at the company's potential interest in adding Bitcoin to its balance sheet.

On Tuesday after the market close, Pavlovski posed the question "Should Rumble add Bitcoin to its balance sheet?" on Twitter, sparking speculation about the company's possible adoption of a Bitcoin treasury strategy. The tweet quickly garnered attention, including a response from MicroStrategy's Michael Saylor, a prominent advocate of corporate Bitcoin adoption.

While the CEO's comment was not an official announcement, it fueled investor optimism about Rumble's potential involvement in the cryptocurrency space. The stock's pre-market rally on Wednesday reflects the market's positive reaction to the possibility of Rumble joining the ranks of companies holding Bitcoin as a reserve asset.

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