The video platform said it will use the infusion of $250 million to support its growth. Rumble stock has mostly struggled to gain traction since its debut in 2022. Traders look like they’re ready to rumble today.

Key Takeaways Rumble received a $775 million cash injection from cryptocurrency company Tether.Rumble explained that Tether would be purchasing 103.3 million shares at $7.50 each, although CEO Chris Pavlovski would remain the majority shareholder.

Video sharing platform and cloud services provider Rumble said on Friday it has entered into an agreement with Tether, a blockchain-enabled platform, to receive a strategic investment of $775 million.