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Rumble Sold Two-Thirds of Its Bitcoin Holdings Amid First Profitable Quarter

(4 hours ago) · 1 source · Summarized by CryptoBipto

Video platform Rumble reportedly sold approximately two-thirds of its Bitcoin holdings. The sale coincided with the company's AI cloud business delivering its first profitable quarter.

WHY IT MATTERS

Some publicly traded companies have started buying Bitcoin and holding it on their balance sheets, similar to how a company might hold cash reserves or invest in other assets.

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SOURCES

  • bitcoinmagazine.com

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