{"id":145317,"date":"2024-12-22T06:00:04","date_gmt":"2024-12-22T04:00:04","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=145317"},"modified":"2024-12-22T02:44:42","modified_gmt":"2024-12-22T00:44:42","slug":"tether-reveals-major-investment-in-youtube-competitor","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/tether-reveals-major-investment-in-youtube-competitor\/","title":{"rendered":"Tether Reveals Major Investment in YouTube Competitor"},"content":{"rendered":"<p>This <strong><a href=\"https:\/\/corp.rumble.com\/blog\/rumble-announces-775-million-strategic-investment-from-tether\/\" rel=\"nofollow\">deal<\/a> <\/strong>includes <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/tether\/\">Tether<\/a> <\/strong>acquiring over 103 million shares of Rumble Class A Common Stock at $7.50 per share, creating new opportunities for the platform\u2019s growth and shareholder engagement.<\/p>\n<p>The agreement allocates $250 million toward expanding Rumble\u2019s operations and initiatives, while the remaining funds will be used for a self-tender offer targeting up to 70 million Class A shares. Despite the significant investment, CEO Chris Pavlovski will maintain control of the company, underscoring his leadership role during this transformative phase.<\/p>\n<p>The announcement has already sparked market excitement, with Rumble\u2019s shares climbing 35% in after-hours trading to reach $9.80, a sharp increase from the previous closing price of $7.18. Pavlovski highlighted the partnership\u2019s strategic importance, pointing to shared values between Rumble\u2019s free speech advocacy and the cryptocurrency community\u2019s focus on financial independence and decentralization.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-145240\" href=\"https:\/\/cryptodnes.bg\/en\/revolut-expands-crypto-offering-with-binance-coin-listing\/\" title=\"Revolut Expands Crypto Offering with Binance Coin Listing\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/04\/binance-coin-17-med-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Revolut Expands Crypto Offering with Binance Coin Listing<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>Tether\u2019s CEO, Paolo Ardoino, emphasized the alignment between the two companies, describing their mutual commitment to transparency and resilience. He hinted at future collaborations that could integrate Tether into Rumble\u2019s ecosystem, possibly for crypto payments or tipping, which would represent a shift from traditional payment systems to blockchain-based solutions.<\/p>\n<p>Adding to its crypto-focused moves, Rumble recently approved a plan to invest up to $20 million in Bitcoin, signaling its deeper commitment to blockchain technology. The Tether deal is expected to close in early 2025, pending regulatory and antitrust reviews, potentially positioning Rumble at the forefront of merging digital content platforms with cryptocurrency innovations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rumble, the popular video-sharing platform, is set to receive a major boost with a $775 million investment from Tether, the stablecoin issuer known for its commitment to decentralization.<\/p>\n","protected":false},"author":7,"featured_media":24208,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[72,424,108],"coin_category":[],"class_list":["post-145317","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-bitcoin","tag-crypto","tag-price"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin 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