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LiveOne Board of Directors Approves $500 Million Funding Authorization to Expand Cryptocurrency Reserves

LiveOne Board of Directors Approves $500 Million Funding Authorization to Expand Cryptocurrency Reserves

BlockBeats2025/10/01 16:13

BlockBeats News, on October 1, music, entertainment, and technology company LiveOne released a shareholder letter stating that LiveOne has successfully completed a $45 million restructuring plan, achieving significant cost savings. Currently, $5 million has been deployed into Bitcoin asset holdings, and a Bitcoin yield strategy is being executed in cooperation with Arca.


The board of directors has approved funding authorization of up to $500 million to expand LiveOne's crypto asset reserve strategy. The company is expanding its Web3 strategy by putting over 10,000 hours of video content on-chain, tokenizing, and monetizing it.


The stock price of a certain exchange is currently reported at $4.215, with an opening increase of 2.06% today, and the market capitalization has risen to $48.64 million.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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