The board of directors of US-listed company LiveOne has approved a $500 million fund authorization to expand its cryptocurrency treasury reserves.
According to ChainCatcher, market sources report that Robert Ellin, CEO of Nasdaq-listed company LiveOne, has issued a shareholder letter disclosing that its board of directors has approved a $500 million funding authorization to expand its crypto asset treasury reserves. The company has previously invested over $5 million in purchasing bitcoin and has also completed a $6.5 million stock buyback.
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