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Rumble approved $20 million to build its position, Exodus reserves exceeded $150 million, and Blue港 Interactive continues to step up efforts
ME News Report, April 6 (UTC+8), according to BBX data, during the weekend yesterday, many mid-sized publicly traded companies worldwide took frequent actions in their anti-inflation and anti-censorship treasury strategies:
$20 million build-up plan: Rumble (NASDAQ: $RUM)
The board approved a $20 million Bitcoin strategic allocation budget yesterday. As a streaming platform emphasizing “freedom of speech,” the company stated it would convert part of its idle cash into BTC to build a reserve pool of hard assets that is not subject to traditional banking system interference for the creator economy.
$150 million milestone: Exodus Movement (NYSE: $EXOD)
Yesterday, it updated its Q1 end account data, confirming that the total digital assets on its balance sheet (mainly BTC and its held stablecoin positions) have officially surpassed $150 million.
$5 million allocation: BlueFocus Interactive (8267.HK)
Yesterday, it announced that it had used $5 million in cash reserves over the past week (including the weekend) to continuously buy Bitcoin and Ethereum, further strengthening its digital financial moat as a Hong Kong-listed Web3 concept stock.
50% crypto payment retention: Equinix (NASDAQ: $EQIX)
This global data center giant announced yesterday in an internal test that its European division’s pilot “B2B cryptocurrency payments” received BTC and USDC, with 50% retained directly on the books, rather than fully converted into fiat currency as before.
Weekend 100% retention rate: Argo Blockchain (LSE: $ARB)
Disclosed that its Texas-based mining farm’s hash rate output during the entire weekend (including yesterday) achieved 100% retention. Through electricity dispatch optimization, the company does not need to sell any new mining output during low liquidity weekend periods. (Source: ChainCatcher)