Rumble secures $775 million from Tether to fuel growth, with investments in free speech, innovation, and crypto payment solutions.

Rumble, a video-sharing platform, has entered into a strategic partnership with Tether, the largest company in the digital assets industry.

Video-sharing platform Rumble has announced a new strategic partnership with Tether, the largest company in the digital assets industry. As part of the partnership, Rumble will receive an investment of $775 million from Tether, the majority of which will be allocated to fuel Rumble's growth.

Known for its product, the $USDT stablecoin, which boasts over 350 million users worldwide, Tether is a household name in the digital assets industry. The partnership was announced by Rumble via its official X account.

According to a press release, Rumble will allocate $250 million of the funds to its growth initiatives. The remainder of the investment will be used by Rumble to conduct a self-tender offer, where Rumble will purchase up to 70 million shares of its class A common stock. Priced at $7.50 per share, the buyback will be carried out at the same price as Tether's investment. Following the transaction, Chris Pavlovski, Rumble's CEO, will maintain his controlling stake in the company.

Tether and Rumble Partnership to Fuel Innovation and Growth

Commenting on the partnership with Tether, Chris Pavlovski expressed his enthusiasm for the collaboration. According to him, there is a strong link between cryptocurrency and the free speech communities, which share common values such as decentralization, transparency, and freedom. Pavlovski also highlighted the $250 million cash infusion, which will significantly contribute to Rumble's growth initiatives. Additionally, the self-tender offer will provide liquidity to participating stockholders.

"This partnership will be instrumental for Rumble’s growth in the next phase," said Pavlovski.

Paolo Ardoino, Tether's CEO, also shared his perspectives on the collaboration, stating, "Tether's investment will support decentralization, transparency, and freedom of speech.” According to Ardoino, Rumble provides an alternative to the mainstream media, which is losing credibility. He also mentioned that Rumble will support advertising, cloud, and crypto payment solutions.

In a separate development, Tether also recently diversified its investments. In September, the company announced a $100 million investment in Adecoagro, an Argentine agriculture conglomerate. This investment is part of Tether's growing portfolio outside the blockchain sector.

The partnership between Rumble and Tether is set to drive innovation and present new opportunities for both companies.