Video sharing platform and cloud services provider Rumble said on Friday it has entered into an agreement with Tether, a blockchain-enabled platform, to receive a strategic investment of $775 million.Shares of the Toronto-based company were up 43.7 per cent in trading after the bell.Cryptocurrencie

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Rumble to receive $775 million strategic investment from Tether

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Rumble announces a $775M investment from Tether and plans to use $525M to fund a tender offer for ~70M shares of its common stock; RUM jumps 35%+ after hours

Last month, the YouTube alternative announced it would allocate up to $20 million of its excess cash reserves to bitcoin.

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Tether to make $775 million ‘strategic investment’ in Rumble, shares rally 44.6%

Stablecoin issuer Tether has committed $775 million to rising streaming video platform Rumble, which has adopted a Bitcoin reserve strategy.

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Tether Invests $775 Million in Rumble Following YouTube Rival's Bitcoin Push - WorldNL Magazine

The post Tether’s $775 Mln Investment in Rumble and Entry into AI Sector by 2025  appeared first on Coinpedia Fintech News Tether, the company behind the world’s largest stablecoin, USDT, is making headlines with a series of bold business moves. From a $775 million investment in the YouTube-alternative platform Rumble to its plans to step into artificial intelligence (AI) by 2025, Tether is diversifying far beyond its stablecoin roots. Tether’s …

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Tether Invests $775 Million in Rumble Following YouTube Rival's Bitcoin Push

Tether Limited is set to invest $775 million in video-sharing platform Rumble as part of a strategic partnership aimed at boosting decentralization efforts, according to a Dec. 20 press release. The news caused a sharp spike in Rumble’s stock, which surged in after-hours trading, climbing 35.89% to $9.77 despite having closed the regular session down…

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Tether’s $775 million Rumble investment sparks stock 35% surge

Tether Limited is set to invest $775 million in video-sharing platform Rumble as part of a strategic partnership aimed at boosting decentralization efforts, according to a Dec. 20 press release. The news caused a sharp spike in Rumble’s stock, which surged in after-hours trading, climbing 35.89% to $9.77 despite having closed the regular session down 1.1% for the day to $7.19. The deal is expected to close in the first quarter of 2025, pending r…

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Tether's $775 million Rumble investment sparks stock 35% surge

Tether’s 2024 profits surpass $10 billion, driven by USDT demand and investments. Rumble shares soared 43.7% after Tether’s investment announcement.  Tether Holdings Ltd., the world’s largest stablecoin issuer, is wrapping up 2024 with an impressive milestone: over $10 billion in net profits. CEO Paolo Ardoino shared the news in a recent interview, highlighting the growing demand for USDT.  As Bitcoin and other cryptocurrencies hit record highs,…

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Tether Invests $775M in Rumble After Surpassing $10B in Profits

Tether, the issuer of the world’s largest stablecoin, USDT, has announced a $775 million investment into Rumble, a video-sharing platform and cloud services provider. This strategic move has sent Rumble stock soaring by 44.6% in aftermarket trading. The investment, valuing Rumble shares at $7.50 each, will boost the platform’s financial stability and growth prospects. Tether $775M Rumble Investment Sends Stock Soaring 44.6% Following a recent pr…

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Investing Business Daily | Tether Invests $775M In Rumble Sparking Massive Stock Price Jump

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Rumble to receive $775 million strategic investment from Tether

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