TechFlow news — On November 20, according to Cointelegraph, Chris Pavlovski, founder and CEO of video streaming platform Rumble, launched a poll on social media asking whether the company should add Bitcoin to its balance sheet. Following the announcement, Rumble’s stock rose as much as 9% in after-hours trading, reaching a high of $6.20.
Strike CEO Jack Mallers and MicroStrategy Chairman Michael Saylor both voiced support for the proposal, with the latter proactively offering to discuss implementation details with Pavlovski. As of September 30, 2024, Rumble held approximately $132 million in cash, cash equivalents, and marketable securities, while its third-quarter revenue increased 39% year-over-year to $25 million.
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