Stock Track | Rumble Inc. Soars 9.15% After Hours on CEO's Bitcoin Adoption Tease

Stock Track11-20 06:02

Rumble Inc. (RUM) stock surged 9.15% in the after-hours trading session on Tuesday, following a tweet from CEO Chris Pavlovski suggesting the video-sharing platform could potentially add Bitcoin to its balance sheet.

In the tweet, Pavlovski posed the question "Should Rumble add Bitcoin to its balance sheet?", sparking speculation about the company's interest in adopting a Bitcoin treasury strategy. The query quickly drew 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 after-hours rally 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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