LiveOne, a NASDAQ-listed company, has received board approval for a $50 million funding authorization aimed at expanding its cryptocurrency reserves. CEO Robert Ellin revealed in a shareholder letter that the company has already invested over $5 million in Bitcoin. Additionally, LiveOne has completed a $6.5 million stock buyback, underscoring its commitment to strengthening its financial position through strategic investments.
LiveOne Board Approves $50M for Crypto Reserve Expansion
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