"Should Rumble add Bitcoin to its balance sheet," asked Pavlovski on X. By itself, the question might have been considered little more than a playful tease, but it quickly drew a response from MicroStrategy's (MSTR) Michael Saylor, who pioneered corporate bitcoin adoption. The dialogue indicates Rumble's potential pivot towards a bitcoin strategy, reflecting the ongoing trend of corporate crypto adoption.
Michael Saylor, who has been a very vocal proponent of Bitcoin, responded to Pavlovski's query with a clear, positive affirmation. He stated, 'Yes, I would be happy to discuss why and how with you,' underscoring the intertwining of traditional corporate finance with cryptocurrency, suggesting a potential partnership or at least a conversation about Bitcoin's value.
Following the dialogue on social media, Rumble's market activity reflected the growing interest in Bitcoin, as its shares rose to a 7% gain, indicating that investor sentiment is favorably shifting towards companies considering crypto strategies, particularly in the tech industry.
Rumble’s financial performance remains strong with $25.1 million in revenue for the third quarter, up 39% year-over-year, coupled with $130.8 million in cash reserves. This underscores their ability to explore new strategies, such as Bitcoin investments, without jeopardizing financial stability.
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