LiveOne purchases position in Bitcoin at average price $117,885 per coin

LiveOne (LVO) announced that it has purchased Bitcoin as part of the company’s previously announced crypto long-term treasury yield management strategy. LiveOne has purchased multimillion-dollar position in Bitcoin at an average price $117,885 per coin. Robert Ellin, Chairman and CEO of LiveOne commented, “This investment in Bitcoin represents a strategic step in our treasury yield strategy and our ongoing belief in digital assets’ long-term potential.” The company’s Board of Directors has committed up to $500M to grow Bitcoin holdings.