RUM Group, the parent of video platform Rumble, cut its bitcoin holdings by about two-thirds in the third quarter, the company disclosed Wednesday, as its newly acquired AI cloud business pushed it to its first profitable quarter on an adjusted basis.

The Nasdaq-listed company held 94.68 bitcoin, valued at $7.9 million, as of Sept. 30. That compares with 293.14 bitcoin worth about $17.2 million at the end of June, according to its second-quarter results.

That implies Rumble parted with roughly 198 bitcoin during the quarter, or about 68% of its stack.

The company’s cash-flow statement shows a net sale of digital assets of about $15.3 million for the first nine months of…

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