LiveOne has purchased Bitcoin worth millions of USD and committed to investing a total of 500 million USD to expand the company's Bitcoin portfolio.
Entertainment and technology company LiveOne has just announced a strategic partnership and launched a large investment plan to increase Bitcoin ownership, with partner ARCA managing the cryptocurrency profit strategy and Anchorage Digital ensuring the security of digital assets.
MAIN CONTENT
LiveOne purchased Bitcoin valued at nearly 118,000 USD each.
LiveOne is committed to investing up to 500 million USD to increase its Bitcoin holdings.
The company collaborates with ARCA and Anchorage Digital in managing and protecting Bitcoin assets.
How much has LiveOne invested in Bitcoin and at what price?
LiveOne announced the purchase of Bitcoin worth millions of USD at a price of approximately 117,885 USD/Bitcoin.
This price, recorded in mid-August 2024 according to a report from Globenewswire, reflects an important shift for LiveOne in diversifying its digital assets.
How much does LiveOne plan to invest in Bitcoin in total?
The company's board of directors is committed to investing 500 million USD to increase Bitcoin holdings.
This investment figure is a breakthrough reflecting LiveOne's determination to further integrate cryptocurrency into its financial portfolio. With such a large capital, the company aims to strengthen its position in the digital asset market.
This commitment also signifies creating growth momentum in both cryptocurrency profit mining and building a solid asset base on Blockchain.
Which partners does LiveOne collaborate with to manage Bitcoin?
LiveOne signed a partnership with ARCA in the Bitcoin profit strategy, while utilizing the secure custody services of Anchorage Digital.
ARCA will be the partner responsible for developing and overseeing the Bitcoin profit strategy, helping LiveOne optimize investment efficiency. At the same time, Anchorage Digital, known for its top-notch security system, ensures safety and professional management of digital assets.
Choosing reputable partners contributes to enhancing the reliability and effectiveness of LiveOne’s Bitcoin asset management in a complex technological environment.
"We believe that investing in Bitcoin will open up many growth opportunities and provide long-term value for shareholders."
CEO of LiveOne, 2024
Frequently asked questions
When and at what price did LiveOne buy Bitcoin?
LiveOne bought Bitcoin at a price of approximately 117,885 USD/Bitcoin, reported on August 15, 2024.
Who manages LiveOne's Bitcoin investment strategy?
ARCA is responsible for managing the Bitcoin profit strategy for LiveOne.
How much is LiveOne committed to investing in cryptocurrency?
LiveOne is committed to allocating 500 million USD to increase Bitcoin ownership.
Who ensures the safe custody of digital assets for LiveOne?
Anchorage Digital provides secure custody services for LiveOne's Bitcoin.
What does investing in Bitcoin mean for LiveOne?
This is an important step for LiveOne to expand its portfolio and leverage the growth potential of the cryptocurrency market.
Source: https://tintucbitcoin.com/bitcoin-liveone-mua-vao-trieu-usd/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated on the latest news about the cryptocurrency market and not miss any important information!
