Recently, $Rumble Inc.(RUM)$ stock surged by 42%, reaching $10.20, following an exciting development where the video platform entered into a $775 million investment agreement with cryptocurrency company Tether.
Tether agreed to purchase approximately 103.3 million Rumble shares at $7.50 per share. Rumble plans to use $250 million of the funds to support growth initiatives, with the remaining proceeds going toward a self-tender offer for up to 70 million Class A common shares. This positive news has injected strong momentum into Rumble’s future, delivering solid returns for investors.
As an investor, I feel very fortunate to have seized this opportunity.
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