US-listed company LiveOne has purchased Bitcoin at an average price of $117,885, with a total investment of several million dollars

BlockBeats News, August 15, the U.S. publicly listed company LiveOne (LVO) announced the purchase of Bitcoin at an average price of $117,885, with a total investment of millions of dollars. At the same time, the Bitcoin yield strategy is managed by ARCA, with digital asset custody provided by Anchorage Digital.

On July 16, the U.S. publicly listed company LiveOne (LVO) completed a public offering of $8.9 million in common stock to support the launch of its Bitcoin yield financial strategy. The initial allocation for this strategy is $10 million, with the board approving a total amount of up to $500 million.