Rumble CEO Teases Bitcoin Adoption
The buzz around corporate Bitcoin adoption has reached a new level, as Chris Pavlovski, CEO of Rumble (RUM), ignited speculation with a single tweet. On Tuesday, during U.S. trading hours, Rumble’s stock saw a noticeable rise after Pavlovski took to X to ask “Should Rumble add Bitcoin to its balance sheet?”
Genius Group Commits to Bitcoin Treasury: 90% Reserves to Be Held in BTC
In a powerful show of confidence in Bitcoin, Genius Group, an AI and education tech company, has announced it will commit 90% of its current and future reserves to Bitcoin, making it a primary pillar of its financial strategy. This bold decision includes an initial acquisition of $120 million in BTC and follows a recent board-level restructuring to bring in leaders with strong crypto backgrounds, signaling a deep commitment to the world of digital assets.
MicroStrategy’s $2 Billion Bitcoin Power Play: 27,200 BTC Added to Their Arsenal
MicroStrategy, the business intelligence giant and premier corporate Bitcoin holder, has again expanded its Bitcoin reserves by a whopping 27,200 BTC, bringing its total stash to 279,420 BTC. This massive purchase, funded by $2 billion raised through at-the-market (ATM) share sales, signals their continued belief in Bitcoin’s potential as a treasury reserve asset and a hedge against inflation. And they aren’t stopping there. MicroStrategy’s ambitious “21/21 Plan” unveiled in their Q3 2024 earnings presentation hints at a transformative financial strategy aiming to raise a colossal $42 billion in capital over the next three years to fuel further Bitcoin acquisitions and corporate expansion.