Rumble (RUM), a strong contender in the video-sharing platform market, has entered into an agreement to secure a substantial strategic investment of $775 million from the leading stablecoin company, Tether.

The agreement stipulates that Rumble will allocate $250 million from the investment to sustain its operations, while the residual funds will be used to propose a tender offer for the acquisition of up to 70 million common shares at a rate of $7.50 per share. This rate is consistent with the price per share that Tether has agreed to pay for its stake in Rumble.

Rumble’s CEO, Chris Pavlovski, expressed his enthusiasm for the partnership, stating, “I am genuinely convinced that Tether is the ideal collaborator to boost Rumble’s growth trajectory as we gear up for our upcoming expansion phase.”

Tether’s CEO, Paolo Ardoino, echoed this sentiment, highlighting the decline in trust towards conventional media and the subsequent opportunities for platforms like Rumble to offer a reliable, uncensored alternative. Ardoino went further to state, “Tether is not just looking to be a stakeholder, we aim to establish a significant relationship with Rumble, focusing on advertising, cloud, and cryptocurrency payment solutions.”

RUM’s share price experienced a significant surge of 41% during after-hours trading, reaching $10.13 per share. However, it remains uncertain whether any portion of the investment will be used to incorporate Bitcoin (BTC) into Rumble’s balance sheet. Pavlovski had previously indicated a potential interest in integrating Bitcoin into the company’s assets.

As such, the strategic partnership between Rumble and Tether not only presents an exciting development for both parties but also opens up new prospects for the digital currency and video-sharing sectors. This collaboration could potentially redefine the way these industries operate, making it an intriguing development for potential investors and enthusiasts alike.