Investing.com — Rumble, a video-sharing platform and cloud services provider, saw its shares extend gains to 100% on Monday, following last week’s announcement on a strategic investment from , the leading company in the digital assets industry.
The $775 million investment from Tether, known for its widely used dollar stablecoin, marks a significant infusion of capital into Rumble, which has been gaining attention in the rapidly growing online video space.
The investment by Tether, which boasts over 350 million users globally and is a recognized symbol for financial inclusion in the digital assets industry, is expected to bolster Rumble’s position in the market.
Rumble’s announcement, made on Friday, did not disclose the specific terms of the deal.
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