The founder and CEO Pro-Crypto of Rumble confirmed that the company will launch its Bitcoin and Stablecoin portfolio in the third quarter of this year, aimed at giving the Coinbase portfolio for his money.
The Rumble portfolio will be launched in partnership with the Stablecoin Tether emitter and will rivalize directly with Coinbase, said Chris Pavlovski in a position on May 9.
“Our goal is to become the most important Bitcoin and Stablecoin portfolio, fueling the creator’s economy,” he added.
He continued to assert that the Rumble portfolio will be the “vehicle to help monetize creators better than most advertisers, especially in international markets”, although he has not provided more details than he could also support Tether Gold (XAUT).
The video streaming platform, founded at the end of 2013 as an alternative YouTube for small content creators, announced for the first time the launch of a Tether (USDT) portfolio for creators in March. Tether invested $ 775 million in Rumble in December 2024.
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The Rumble Bitcoin (BTC) portfolio enters a crowded crypto portfolio application dominated by Coinbase, Robinhood, Etoro, Paypal, Revolut, Crypto.com and Metamask.
According to Coinbase, the use of Crypto Mobile portfolios reached a 36 million summit in the fourth quarter in the fourth quarter. The company, with which Pavlovski aims to compete, reported more than 100 million users recorded in 2024, almost double that of Rumble’s video platform.
Rumble has also joined the ranks of Michael Saylor’s strategy to become a Bitcoin acquisition company since March, when he made his first purchase of 188 BTC. The company currently has 210 BTC, worth nearly $ 22 million at current market prices.
Rumble Q1 Revenue Beat estimates
The company declared a net loss of $ 2.7 million for the first quarter on May 8. However, this improved considerably compared to the loss of $ 43 million in the first quarter of 2024.
In addition, its loss of CEO (generally accepted accounting principles) of $ 0.01 per share was 90% above the consensual estimates of analysts.
Rumble’s turnover was 23.7 million dollars, exceeding estimates by 2.8% (and increasing compared to $ 17.7 million in annual shift. The company also declared 59 million monthly active users, compared to 68 million in the fourth quarter of 2024.
“Rumble reported solid results from the first quarter of 2025, highlighted by income growth of 34% over the other at 23.7 million dollars, driven by an increase in income and the monetization of subscriptions on our video and advertising platforms,” said Pavlovski.
According to Google Finance, Rumble stocks (RUM) (RUM) won 2.37% to reach $ 7.78 after working hours. However, the actions of the company have lost 40% of years to date.
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