Rumble Secures $775M Investment from Tether, Driving Stock Surge

The video platform plans to use the funds for growth initiatives and a self-tender offer as shares hit their highest level in nearly two years.

Rumble announced a $775 million investment from cryptocurrency company Tether, which will purchase 103.33 million shares at $7.50 each.
The platform will allocate $250 million of the funds to growth initiatives and the remainder to a self-tender offer for up to 70 million Class A shares.
Rumble CEO Chris Pavlovski will retain his controlling stake in the company, with Tether holding a minority position and no board representation.
The partnership highlights shared values of decentralization and free expression, with plans for future collaboration on advertising, cloud, and crypto payment solutions.
Rumble's stock price surged up to 94%, reaching its highest point since February 2022, following the announcement, with the deal expected to close in early 2025.