Rumble’s CEO and founder, Chris Pavlovski, has revealed that the company is set to roll out its own crypto wallet in the third quarter of 2025, designed to rival Coinbase Wallet directly. The new Rumble Wallet, created in collaboration with Tether, will support Bitcoin and stablecoins.
In a May 9 post on X, Pavlovski stated, “We’re aiming to become the leading non-custodial wallet for Bitcoin and stablecoins — a tool built to empower creators.” He noted the wallet will also serve as a new revenue channel for creators, especially outside the U.S., and hinted that support for Tether Gold (XAUT) may be included, though no detailed features were announced.
Rumble, the video-sharing platform established in 2013 as a creator-friendly alternative to YouTube, had previously announced its intentions to introduce a USDT wallet for content creators back in March. That move followed Tether’s $775 million investment into Rumble in December 2024.
This new wallet will enter an increasingly saturated space filled with established players like Coinbase, Robinhood, eToro, PayPal, Revolut, MetaMask, and Crypto.com. According to Coinbase data, mobile crypto wallet usage peaked at 36 million in Q4 2024. Coinbase alone surpassed 100 million user accounts last year, almost twice Rumble’s active user base.
Since March, Rumble has also started acquiring Bitcoin, aligning itself with strategies seen from firms like Michael Saylor’s MicroStrategy. Its first purchase was 188 BTC, and it now holds a total of 210 BTC — currently valued at nearly $22 million.
Q1 Financial Results Show Stronger Performance
On May 8, Rumble disclosed its Q1 2025 financials, reporting a reduced net loss of $2.7 million — a considerable improvement from the $43 million loss posted in Q1 2024. The company’s loss per share under GAAP was $0.01, beating analysts’ expectations by 90%.
Quarterly revenue came in at $23.7 million, surpassing estimates by 2.8% and marking a 34% increase compared to the $17.7 million recorded a year earlier. Monthly active users for Q1 stood at 59 million, down from 68 million in the prior quarter.
Pavlovski commented, “Our Q1 results reflect robust growth, driven by increased subscriptions and stronger monetization across both our video and advertising platforms.”
Following the announcement, Rumble’s stock (RUM) rose by 2.37% in after-hours trading to $7.78, based on Google Finance data. Despite the day’s gain, the stock remains down 40% since the start of the year.
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