Deep Tide TechFlow News, on August 15, digital entertainment company LiveOne (NASDAQ: LVO) announced the purchase of Bitcoin at an average price of $117,885 per coin, with a total investment of several million dollars. The company has also established a partnership with ARCA, which will be responsible for managing the Bitcoin yield strategy, while digital asset custody will be provided by Anchorage Digital.

The company's board of directors has approved a maximum Bitcoin investment limit of $500 million as part of its long-term digital asset yield management strategy. This investment has received $10.2 million in financing support.