Rumble Secures $775 Million Investment From Tether to Accelerate Growth

Rumble Secures $775 Million Investment From Tether to Accelerate Growth

Rumble, a leading video-sharing platform and cloud services provider, has announced a $775 million deal with Tether, the world’s largest stablecoin issuer. This substantial investment signifies a strategic collaboration between two entities committed to championing decentralization and protecting freedom of expression.

Investment Details

As revealed on December 20, 2024, Tether has acquired 103,333,333 shares of Rumble's Class A common stock at $7.50 per share. Out of this investment, $250 million will be allocated to strengthen Rumble's financial reserves and support its expansion plans.

The remaining funds will be used for a stock buyback program, offering up to 70 million Class A shares to shareholders seeking liquidity. This buyback will also be conducted at $7.50 per share.

Chris Pavlovski, CEO and Chairman of Rumble, will retain his leadership role after the transaction. The deal is expected to close in Q1 2025, subject to regulatory approvals, including compliance with the Hart-Scott-Rodino Antitrust Improvements Act.

Partnering for Freedom of Expression

Pavlovski emphasized the alignment between Rumble and Tether’s missions, describing Tether as the “perfect partner” for the company’s future endeavors. Echoing this sentiment, Tether CEO Paolo Ardoino stated:

"Tether’s investment in Rumble reflects our shared values of decentralization, independence, transparency, and the fundamental right to free expression. As trust in legacy media continues to erode, Rumble offers a credible, uncensored alternative."

Expanding Collaborative Opportunities

Tether aims to explore additional areas of collaboration with Rumble, including advertising, cloud services, and cryptocurrency payment solutions. Rumble stands to benefit from Tether’s extensive influence in the digital asset industry. Tether’s USD-backed stablecoin currently serves over 350 million users globally.

Advisory roles for the transaction included Cantor Fitzgerald & Co. as placement agent and dealer manager for Rumble, Oppenheimer & Co. as a capital markets advisor, and multiple legal firms for counsel. Full transaction details will be disclosed in a forthcoming filing with the Securities and Exchange Commission (SEC).