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Media platform Rumble also wants to buy BTC? Michael Saylor strongly responds, "I'll teach you."
As BTC breaks through its historical high, the stock price of the video platform 'Rumble,' which sees YouTube as a strong competitor, surged in mid-week trading. The main reason is the signal released by CEO Chris Pavlovski that the company may adopt a 'BTC strategy,' triggering enthusiastic follow-up in the market.
Chris Pavlovski asked curiously on the social platform X in the early morning of today (20th): 'Should Rumble include BTC in its balance sheet?'
Little did he know that the seemingly casual question immediately attracted Michael Saylor, the founder of "BTC All-in Brother" MicroStratey, who commented, "Of course," and even took the initiative to offer to further discuss the details and provide assistance. Chris Pavlovski immediately replied, "I'll message you right away."
DM'ing you now.
— Chris Pavlovski (@chrispavlovski) November 19, 2024
This conversation has boosted market confidence. Rumble, which was slightly down in stock price, quickly rebounded after the news came out, soaring about 7% at one point, and then narrowing the gain to 3.3%.
BTC broke through $94,000 in the early morning today, setting a new record high. This surge is partially driven by the optimistic sentiment of companies adopting BTC as a reserve asset.
MicroStrategy is the representative vanguard of incorporating Bitcoin into its financial strategy, and this model has been followed by many companies. If Rumble decides to follow suit and becomes the latest listed company to embrace cryptocurrency, it will undoubtedly spark a new wave of discussion.
Rumble is currently one of the most representative competitors of YouTube, with third-quarter revenue reaching $25.1 million, a year-on-year increase of 39%. As of the end of the quarter, the company held approximately $131 million in cash and cash equivalents, with a solid financial position. Year-to-date, Rumble's stock price has risen by 26%, reaching a market capitalization of $1.6 billion.
Rumble If BTC is included in the balance sheet, it may not only bring new opportunities for its own financial layout, but also change the market's expectations for its future development.
The article 〈影音平台 Rumble also wants to buy BTC? Michael Saylor supports and responds, 'Let me teach you' 〉was first published in 'Block Times'.