PANews reported on August 15th that, according to Globenewswire, music, entertainment, and technology company LiveOne (NASDAQ: LVO) announced it had purchased millions of dollars worth of Bitcoin at a price of $117,885. The company's board of directors pledged to invest $500 million to increase its Bitcoin holdings. LiveOne also entered into a Bitcoin partnership with ARCA, which will oversee its Bitcoin yield strategy. Anchorage Digital provides secure custody and management for digital assets.
LiveOne, a publicly listed company, disclosed that it purchased millions of dollars worth of Bitcoin at an average price of $117,885.
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