- The transaction unites two decentralization leaders while the Rumble CEO retains a controlling stake.
- A strategic investment brings a mission-aligned investor, with $250 million allocated to strengthen Rumble’s balance sheet and accelerate growth.
- The remaining proceeds will fund a self-tender offer for up to 70 million Class A common stock, providing liquidity to stockholders at the same price as the Tether investment.
Based in the US, a part of Rumble’s team is also based in North Macedonia, where it focuses on moderating the content that is uploaded to the platform, ensuring compliance with community guidelines.
Now, the video-sharing platform and cloud services provider, has announced a definitive agreement for a $775 million strategic investment from Tether, the global leader in digital assets and the most widely used dollar stablecoin, boasting over 350 million users worldwide. Tether has become a prominent symbol of financial inclusion in recent years, making this collaboration particularly noteworthy.
The investment includes a purchase of 103,333,333 shares of Rumble Class A Common Stock at $7.50 per share. Of the proceeds, $250 million will be allocated to support Rumble’s growth initiatives, while the remaining funds will finance a self-tender offer for up to 70 million Class A Common Stock shares at the same price, providing liquidity to stockholders.
Following the transaction, Rumble Chairman and CEO Chris Pavlovski will retain his controlling stake and the company’s governance structure will remain unchanged.
Pavlovski highlighted the synergy between the cryptocurrency and free speech communities, both of which value freedom, transparency, and decentralization.
“Thee immediate commitment of adding $250 million in cash to our balance sheet not only confirms the level of support and commitment to a collaboration between our companies, it also fuels our growth initiatives. And, third, this transaction provides an immediate liquidity event for all of our stockholders who elect to participate in the self tender offer. I truly believe Tether is the perfect partner that can put a rocket pack on the back of Rumble as we prepare for our next phase of growth,” Pavlovski said.
Tether CEO Paolo Ardoino echoed this sentiment, emphasizing shared values such as decentralization, transparency, and the right to free expression. He noted that in a world where trust in legacy media continues to erode, platforms like Rumble provide a credible and uncensored alternative.
Ardoino highlighted Tether’s commitment to empowering technologies that challenge centralized systems and foster open communication and innovation. Beyond the initial investment, Tether aims to build meaningful partnerships with Rumble in areas such as advertising, cloud services, and crypto payment solutions.
The transaction is subject to customary closing conditions, including regulatory approval under the Hart-Scott-Rodino Antitrust Improvements Act. Rumble’s governance will remain intact, with Tether owning a minority position and no rights to designate Board members. As Rumble further notes, the partnership positions both companies to accelerate growth and champion their shared vision for a decentralized, inclusive future.
