{"id":20312,"date":"2024-12-21T08:12:00","date_gmt":"2024-12-21T13:12:00","guid":{"rendered":"https:\/\/sikaoer.com\/tether-invests-775-million-in-rumble-following-youtube-rivals-bitcoin-push\/"},"modified":"2024-12-21T08:12:00","modified_gmt":"2024-12-21T13:12:00","slug":"tether-invests-775-million-in-rumble-following-youtube-rivals-bitcoin-push","status":"publish","type":"post","link":"https:\/\/sikaoer.com\/tether-invests-775-million-in-rumble-following-youtube-rivals-bitcoin-push\/","title":{"rendered":"Tether Invests $775 Million in Rumble Following YouTube Rival&#8217;s Bitcoin Push"},"content":{"rendered":"<p> <br \/>\n<br \/><\/p>\n<div style=\"position:relative;overflow:visible;font-size:1.2em;line-height:1.58\">\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Stablecoin issuer Tether announced on Friday that it is investing $775 million in streaming video platform Rumble, a rival to YouTube that bills itself as an anti-censorship platform.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">The company behind the USDT stablecoin called the deal a \u201cdefinitive agreement,\u201d and it would begin with a primary investment of $250 million in cash.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">The deal, Tether said, will see the cryptocurrency company ultimately receive 103.3 million shares of Rumble common stock. Rumble CEO Chris Pavolski will retain a controlling stake in the streaming platform. At $7.50 per share of common stock, Tether\u2019s $775 million investment in Rumble is expected to close in early 2025.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Following the announcement, Rumble\u2019s RUM stock rose 40.75% in after-hours trading and is currently priced at $10.57, according to MarketWatch.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Launched in 2013 by technology entrepreneur Chris Pavlovksi, Rumble is a video streaming platform focused on free speech. It has become a popular alternative to YouTube for conservative and far-right content creators.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">\u201cTether\u2019s investment in Rumble reflects our shared values of decentralization, independence, transparency, and the fundamental right to free expression,\u201d Tether CEO Paolo Ardoino said in a statement. \u201cIn today\u2019s world, legacy media has increasingly eroded trust, creating an opportunity for platforms like Rumble to offer a credible, uncensored alternative.\u201d<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Tether and Rumble did not immediately respond to requests for comment by Decrypt.<\/p>\n<div class=\"relative w-full\">\n<blockquote class=\"twitter-tweet mx-auto\">\n<p lang=\"en\" dir=\"ltr\">BREAKING NEWS: Rumble Announces $775 Million Strategic Investment from Tether<\/p>\n<p>&#8220;Beyond our initial shareholder stake, Tether intends to drive towards a meaningful advertising, cloud, and crypto payment solutions relationship with Rumble.\u201d &#8211; @paoloardoino pic.twitter.com\/eDm2O8GIyY<\/p>\n<p>\u2014 Rumble &#x1f3f4;&#x200d;&#x2620;&#xfe0f; (@rumblevideo) December 20, 2024<\/p>\n<\/blockquote>\n<\/div>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">\u201cI truly believe Tether is the perfect partner that can put a rocket pack on the back of Rumble as we prepare for our next phase of growth,\u201d Rumble chairman and CEO Chris Pavlovski said in a statement.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">In November, Rumble\u2019s Board of Directors approved the creation of a Bitcoin reserve as the price of BTC climbed toward $100,000. Rumble said the company plans to purchase up to $20 million in Bitcoin, joining other publicly traded companies, including MicroStrategy, Marathon Digital Holdings, and Tesla that have added Bitcoin to their balance sheets.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">\u201cWe believe that the world is still in the early stages of the adoption of Bitcoin, which has recently accelerated with the election of a crypto-friendly U.S. presidential administration and increased institutional adoption,\u201d Pavlovski said at the time. \u201cUnlike any government-issued currency, Bitcoin is not subject to dilution through endless money-printing, enabling it to be a valuable inflation hedge and an excellent addition to our treasury.\u201d<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Edited by Andrew Hayward<\/p>\n<div class=\"my-4 border-b border-decryptGridline\">\n<div class=\"text-start p-8 md:py-12 md:px-12 max-w-prose relative\"><span class=\"border-t-4 border-l-4 w-4 h-4 md:border-t-[6px] md:border-l-[6px] md:w-6 md:h-6 border-decryptPurple dark:border-decryptNeon gg-dark:border-cc-pink-2 absolute top-4 left-4 md:top-6 md:left-6\"\/><span class=\"border-t-4 border-l-4 w-4 h-4 md:border-t-[6px] md:border-l-[6px] md:w-6 md:h-6 border-decryptPurple dark:border-decryptNeon gg-dark:border-cc-pink-2 absolute rotate-180 bottom-4 right-4 md:bottom-6 md:right-6\"\/><\/p>\n<h3 class=\"font-akzidenz-grotesk font-bold text-xl md:text-3xl md:text-center gg-dark:text-white\">Daily Debrief Newsletter<\/h3>\n<p>Start every day with the top news stories right now, plus original features, a podcast, videos and more.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/decrypt.co\/298421\/tether-invests-775-million-rumble-bitcoin\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stablecoin issuer Tether announced on Friday that it is investing $775 million in streaming video platform Rumble, a rival to YouTube that bills itself as an anti-censorship platform. The company behind the USDT stablecoin called the deal a \u201cdefinitive agreement,\u201d and it would begin with a primary investment of $250 million in cash. The deal, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20313,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"class_list":["post-20312","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending-cryptos"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.6 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tether Invests $775 Million in Rumble Following YouTube Rival&#039;s Bitcoin Push - Sikaoer - The Best Crypto News Site.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sikaoer.com\/tether-invests-775-million-in-rumble-following-youtube-rivals-bitcoin-push\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tether Invests $775 Million in Rumble Following YouTube Rival&#039;s Bitcoin Push\" \/>\n<meta property=\"og:description\" content=\"Stablecoin issuer Tether announced on Friday that it is investing $775 million in streaming video platform Rumble, a rival to YouTube that bills itself as an anti-censorship platform. The company behind the USDT stablecoin called the deal a \u201cdefinitive agreement,\u201d and it would begin with a primary investment of $250 million in cash. 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