The video -sharing rimble platform has announced that it has purchased more than 17 million millions in Bitcoin as part of the previously announced investment strategy.
In a note on March 12, Rimble said it added 188 Bit Coins (BTC) to a price of about $ 17.1 million. This investment proposed by CEO Chris Paulwaski in November was presented as a coverage against inflation in November after Donald Trump’s victory in the US presidential election, and was presented as part of a broader move to deepen links with the crypto industry.
The platform has indicated that it can buy BitCoin further according to market factors. Although Rimble has not mentioned his efforts to set up a strategic reserve in Bitcoin and Crypto currencies at Trump or the federal level, Paulovsky’s posts on social media have proposed strong support for the policies of the United States president.
https://www.youtube.com/watch?v=6unogdvqwre
Currently Rimble Cloud hoses Trump’s social media platform, the main way of the President for the truth -social – public communication – and has signed a contract to provide services with the El Salvador government. The Santal Graph contacted Rimble for a comment, but no response was received at the time of publication.
In its budget, with Bitcoin, the Rimble is included in a list of companies investing in Crypto after the November elections, including AI Genese Group Company and Simars Scientific Software Company. From January 1, the price of Rimble shares declined by about 34 %.
The United States government may soon be able to huddle BitCoin
Since January 20, the Trump administration has deepened relations between the US government and the crypto industry through executive and political measures.
The United States Securities and Exchange Commission, one of the country’s major financial regulators, announced that it would have abandoned investigations and executive measures against several companies in the crypto sector, alleging that they had offered unregistered securities. On March 7, Trump hosted several crypto industry managers and CEOs in the White House, which discussed the proposal of Bitcoin’s national reserves and “stocking crypto” as part of a summit.
The Bitcoin Reserve proposed by Trump – which can be coded in the law if the Congress moves forward with legislation – can see all the bitcoins caught by US officials if they are sold in auction rather than sale. It is unclear how this process can affect the cost of cryptocurrency.
