Rumble Cuts Its Bitcoin Holdings by About Two-Thirds as Its AI Cloud Turns Profitable
Rumble (RUM) sold about two-thirds of its bitcoin, holding 94.68 BTC worth $7.9 million on Sept. 30, down from 293.14 at the end of June. The move came as its Quake AI unit posted record revenue of $96.6 million and the business's first profitable quarter. For traders, it shows a listed company reducing its bitcoin exposure while its AI business grows.
Why it matters
- Rumble's bitcoin holdings fell from 293.14 at the end of June to 94.68 by Sept. 30.
- A listed company trimming bitcoin can signal shifting treasury strategy, which some traders watch for sentiment.
- Quake AI delivered record revenue of $96.6 million, showing strength in a business outside crypto.
What to watch next
Watch whether Rumble sells more of its remaining bitcoin in its next reported quarter.
