Rumble Cuts Bitcoin Reserves by 198.46 BTC in Third Quarter

Video-sharing platform Rumble, also reported as RUM Group Inc., significantly reduced its corporate cryptocurrency holdings by 198.46 Bitcoin (BTC) during the third quarter. The company's total reserves dropped from 293.14 BTC at the end of the second quarter to 94.68 BTC as of September 30, leaving a remaining balance valued at approximately $7.9 million. The reduction leaves Rumble holding less than one-third of its prior position and ranks it at number 98 among the top 100 corporate Bitcoin holders globally, coinciding with a 290% year-over-year revenue surge and its first profitable quarter on an adjusted EBITDA basis.