Rumble is formally joining the race to create a crypto-led portfolio. In a Twitter/X post by Chris Pavlovski, Rumble CEO, ran a poll to ask the community whether the corporate should consider adding Bitcoin to its portfolio.

The social media poll gained traction and attracted greater than 39,000 votes, with most respondents saying “Yes” to the proposal.

Pavlovski’s post immediately caught the eye of traders and market analysts. Rumble Inc (RUM) shares jumped 9% during after-hours trading on November nineteenth, briefly hitting an intra-day high of $6.20. The video streaming company’s balance sheet shows $ 132 million in money and money equivalents as of Q3.

Rumble Teases Bitcoin Investment, Gets Response From Saylor

What began as a “playful tease” from Pavlovski became a serious question-and-answer with MicroStrategy’s Michael Saylor himself. Responding to Pavlovski’s post, Saylor agreed with the community’s opinion so as to add Bitcoin and even said he would discuss the plans intimately.

Yes. I could be glad to debate why & how with you.

— Michael Saylor⚡️ (@saylor) November 19, 2024

Pavlovski said that he was delivering a direct message implying that the Rumble CEO is either serious or no less than investigating the chances and intends to hunt Saylor for assistance.

Pavlovski’s playful poll attracted a number of attention from Twitter users. As of this writing, it had garnered over 39,400 votes, with over 93% of the users saying “Yes.” In November nineteenth trading, the corporate’s shares briefly spiked at $6.20 before ending the day at $5.78.

Should Rumble add Bitcoin to its balance sheet?

— Chris Pavlovski (@chrispavlovski) November 19, 2024

Rumble Goals To Expand Portfolio

Rumble is a well known video-sharing service that competes with YouTube. The corporate also runs a cloud services division that features Truth Social, a social media network that’s owned by Donald Trump, the subsequent president of the USA.

The YouTube competitor has 67 million energetic users and joined Nasdaq last September 2022. As of the tip of the third quarter, the corporate’s balance sheet carries $132 million in money and money equivalents.

Rumble earned $25 million in revenue for the third quarter, reflecting a 39% in comparison with last yr. Nevertheless, the corporate’s recent financial results dissatisfied analysts, as revenues fell by 14%.

BTCUSD trading at $97,125 on the every day chart: TradingView.com

Rumble Joins A Growing List Of Tech Corporations With BTC

If Rumble’s plan pushes through, it’s going to join other firms in adding Bitcoin to their portfolios. On November 18th, Genius Group announced its plan to pursue a “Bitcoin-focused” strategy and plans to amass 110 Bitcoins for its first tranche.

The Genius Group goals to make use of 90% of its reserves for the highest digital asset. In accordance with Bitcoin Treasuries Data, MetaPlanet has recently acquired $11.3 million price of tokens, pushing its total portfolio to 1,142.2 Bitcoin.

Semler Scientific also joined the fray, buying $17.7 million price of tokens to spice up its total to 1,273 Bitcoins.

The proven fact that Rumble is considering a Bitcoin strategy shows how crypto and blockchain have gotten more influential. The recent success of MicroStrategy has many businesses considering Bitcoin for their very own asset and strategy evaluations.

Featured image from Invesco, chart from TradingView