Overview
- An SEC filing shows Tether bought 1,063,670 RUM shares between Nov. 19–21 at $5.38–$5.46, spending roughly $5.7 million.
- The purchases lift Tether’s holdings to nearly 104.4 million shares, on top of last year’s $775 million stake at $7.50 per share.
- Rumble shares rose roughly 13–14% Monday, trading around $6.40 to $6.51 after the disclosure.
- Rumble’s planned all-stock deal for Northern Data would add about 22,000 Nvidia chips and multiple data centers, pending shareholder and regulatory approvals.
- Reported commercial terms tied to the tie-up include Tether buying up to $150 million of GPUs from Rumble and allocating up to $100 million for advertising.