Bitcoin News Update: Tether’s $5.7 Million Investment Shows Support for Rumble’s Shift Toward Crypto-Based Cloud Services
- Tether boosted its Rumble stake by $5.7M, buying 1.06M shares to signal confidence in the firm's cloud-crypto integration strategy. - The investment follows Rumble's Northern Data AG acquisition, expanding its GPU capacity and data centers for crypto infrastructure growth. - Tether agreed to $250M in GPU purchases and advertising, while Rumble's Bitcoin tipping features and $18.5M BTC reserves reinforce crypto alignment. - Rumble's stock surged 13% amid market optimism, though analysts maintain a "Hold"
Shares of Rumble Inc. jumped over 13% on Monday after stablecoin leader
This development came after Rumble announced an updated deal to acquire Northern Data AG, a German company specializing in data centers, which will add 22,000
Rumble's stock, currently trading at $6.51, has experienced significant swings this year, losing nearly half its value since January despite a reduced third-quarter net loss of $16.3 million. The company posted $24.8 million in revenue for the quarter, slightly missing analyst expectations, but pointed to operational improvements ahead of the U.S. election season
This investment highlights Tether's expanding role in shaping Rumble's business direction. Giancarlo Devasini, who owns more than half of Tether Holdings, is now Rumble's largest shareholder through Tether Investments. Tether's earlier $775 million investment in 2024, which secured over 103 million shares, had already made it a major force in Rumble's growth
The partnership between Rumble and Tether goes beyond funding. Together, they have introduced crypto tipping, enabling users to reward creators with Bitcoin and Tether's
The stock's current performance stands in contrast to its early 2025 high of $17.40, as investors assess Rumble's evolution from a video platform to a company focused on both cloud and crypto infrastructure. While analysts continue to rate the stock as "Hold" with an average price target of $14, the acquisition of Northern Data and Tether's continued backing could spark renewed interest from investors
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Emerging Economies Face a Fine Line: Lowering Rates Amid Export Declines and Dollar Fluctuations
- Asia FX markets remain range-bound as traders balance expectations of December central bank rate cuts against pending U.S. economic data and divergent regional fundamentals. - Brazilian firm BR Advisory Partners (BRBI11) demonstrates resilience in high-rate environments through 13.9% dividend yield, despite 4.3% Q3 revenue decline and improved 45.8% efficiency ratio. - India's October merchandise exports fell 11.8% YoY, driven by -10.4% petroleum product and -10.2% core sector declines, raising concerns
Metaverse Technology Addresses Madagascar’s Real-Life Challenges Through Ambitious Collaboration
- AZTEQ Metaverse partners with Madagascar’s Presidency of the Reformation to deploy ARQ energy systems, metaverse platforms, and blockchain tokenization, aiming to transform infrastructure, economy, and education by 2026. - The initiative prioritizes energy and water infrastructure pilots, leveraging modular ARQ systems to modernize grids and reduce fuel imports, while creating thousands of jobs. - AZTEQ’s blockchain tokenization aims to democratize investment in agriculture and tourism, aligning with Mad
Penguintech (PENGU) Experiences Unexpected 30% Share Price Decline in November 2025: Investor Confidence, Short-Term Volatility, and Uncertainty from Regulations and Earnings
- PENGU's 30% stock price drop in late November 2025 sparks investor scrutiny amid regulatory inquiry confusion and earnings uncertainty. - Regulatory ambiguity linked to Pentagon investigations and misinterpreted PNW earnings exacerbates market volatility and liquidity risks. - Institutional sell-offs and algorithmic trading amplify downward pressure on PENGU's niche market stock. - Investors advised to avoid overexposure until regulatory outcomes and clear earnings data resolve current ambiguity.
DOGE drops by 0.22% as Government Efficiency Agency Faces Dissolution
- The Trump-era DOGE agency, dissolved 8 months early in Nov 2025, aimed to cut $2 trillion in federal spending but struggled with coordination and lacked legislative framework. - Despite Elon Musk's involvement and $335M in reported savings, DOGE's erratic operations and internal disputes led to its absorption into the Office of Personnel Management. - Legal challenges persist as former USAID staff seek transparency, while supporters argue its efficiency principles remain active despite the abrupt shutdow
Trending news
MoreCrypto prices
More
