LiveOne Acquires Millions of Dollars in Bitcoin and Plans Additional Investment

According to HashChain news, it has been reported that music, entertainment, and technology company LiveOne publicly announced the purchase of millions of dollars in Bitcoin at an average price of $117,885. The board has committed to allocating $500 million to increase its Bitcoin holdings. LiveOne has partnered with ARCA, which is responsible for developing the Bitcoin revenue strategy. The secure custody and management of digital assets will be provided by Anchorage Digital.