Stock Track | Rumble Inc. Surges Over 11% as CEO Hints at Potential Bitcoin Adoption

Stock Track11-20 22:49

Rumble Inc. (RUM), the video-sharing platform, saw its stock soar by over 11% in intraday trading on Wednesday, fueled by speculation surrounding the company's potential interest in adding Bitcoin to its balance sheet.

The surge was sparked by a tweet from Rumble's CEO, Chris Pavlovski, on Tuesday evening, where he posed the question: "Should Rumble add Bitcoin to its balance sheet?" This simple query quickly gained traction, with MicroStrategy's Michael Saylor, a prominent advocate for corporate Bitcoin adoption, chiming in on the conversation.

While Pavlovski's tweet was not an official announcement, it ignited investor optimism about Rumble's potential involvement in the cryptocurrency space. The company's stock price reacted positively, rallying 5.46% in pre-market trading on Wednesday before continuing its ascent during regular trading hours.

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(RUM), the video-sharing platform, saw its stock soar by over 11% in intraday trading on Wednesday, fueled by speculation surrounding the company's potential interest in adding Bitcoin to its balance sheet.</p>\n\n<p>The surge was sparked by a tweet from Rumble's CEO, Chris Pavlovski, on Tuesday evening, where he posed the question: \"Should Rumble add Bitcoin to its balance sheet?\" This simple query quickly gained traction, with MicroStrategy's Michael Saylor, a prominent advocate for corporate Bitcoin adoption, chiming in on the conversation.</p>\n\n<p>While Pavlovski's tweet was not an official announcement, it ignited investor optimism about Rumble's potential involvement in the cryptocurrency space. 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