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Rumble approved $20 million for position building, Exodus reserves surpass $150 million, and Blue港 Interactive continues to increase its holdings.
ME News message. On April 6 (UTC+8), according to BBX data, during the weekend yesterday, amid frequent actions by multiple global mid-cap listed companies in their treasury strategies aimed at inflation hedging and censorship resistance:
$20 million positioning plan: Rumble (NASDAQ: $RUM). Its board approved yesterday a $20 million strategic allocation budget for Bitcoin. As a streaming platform focused on “freedom of speech,” the company said it will convert part of its idle cash into BTC, aiming to build a hard-asset reserve pool for the creator economy that is not subject to interference from the traditional banking system.
$150 million milestone: Exodus Movement (NYSE: $EXOD). Yesterday, it updated its end-of-first-quarter statement data and confirmed that the digital assets on its balance sheet (mainly BTC and stablecoin positions it holds) have officially surpassed $150 million.
$5 million allocation: Bluefocus Interactive (8267.HK). Yesterday, the company announced that it has used a $5 million cash reserve to continue purchasing Bitcoin and Ethereum over the past week (including the weekend), further strengthening its digital-finance moat as a Web3 concept stock listed in Hong Kong.
50% crypto payment retention: Equinix (NASDAQ: $EQIX). This global data center giant announced yesterday that, in an internal test, the “B2B cryptocurrency payments” pilot received by its European division—its BTC and USDC—will retain 50% and be recorded directly, rather than being fully converted into fiat currency as in the past.
100% weekend retention rate: Argo Blockchain (LSE: $ARB). It disclosed that its mining facility in Texas achieved 100% retention of its hashrate output throughout the entire weekend (including yesterday). By optimizing power dispatch, the company did not need to sell any newly produced mining output during weekend periods of low liquidity. (Source: ChainCatcher)