Tether's $680M Rumble Stake: A Major Boost
Update: 2025-11-24
Description
Tether, the stablecoin giant, has significantly boosted its stake in video streaming platform Rumble with a recent purchase of one million shares, valued at approximately $5.75 million. This acquisition, along with Tethers initial $775 million investment last year, now makes Tether a major shareholder in Rumble, owning nearly 104.4 million shares worth around $680 million. Tethers growing influence extends beyond financial investments, as they have also agreed to back Rumbles acquisition of Northern Data and plan to buy graphics processing units and invest in advertising on the platform.
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