Rumble shares surge 14.41% intraday after Tether boosts stake by 1 million shares.

Rumble surged 14.41% intraday as stablecoin giant Tether acquired 1.06 million shares, increasing its stake to 104.4 million shares valued at $680 million. The purchase, disclosed in an SEC filing, followed Tether’s prior $775 million investment in Rumble last year, which had previously driven a 40% stock rally. The move aligns with Tether’s broader partnership with Rumble, including a $150 million GPU purchase and joint initiatives to expand crypto tipping for content creators. While broader market optimism around AI and rate cut expectations contributed to sector-wide gains, the direct catalyst for Rumble’s sharp intraday rise was Tether’s latest investment, signaling renewed confidence in the platform’s growth strategy and crypto integration.