LiveOne acquires Bitcoin at an average price of $117,885, with total investment reaching several million dollars

According to Jinse Finance, US-listed company LiveOne (LVO) announced the purchase of Bitcoin at an average price of $117,885, with a total investment reaching several million dollars. The Bitcoin yield strategy is managed by ARCA, while digital asset custody is provided by Anchorage Digital. On July 16, LiveOne (LVO) publicly issued $8.9 million in common stock to support the launch of its Bitcoin yield financial strategy, which has an initial allocation of $10 million and board approval for a total amount of up to $500 million.