LiveOne's board approves $500 million in funding to expand cryptocurrency reserves
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最新报道：According to Bijie.com, on October 1st, music, entertainment, and technology company LiveOne (NASDAQ: LVO) released a shareholder letter announcing the successful completion of a $45 million restructuring plan, achieving significant cost savings. The company has currently deployed $5 million in Bitcoin assets and is collaborating with Arca to execute a Bitcoin yield strategy. The board of directors approved a capital authorization of up to $500 million to expand LiveOne's crypto asset reserve strategy and expand its Web3 strategy by tokenizing and monetizing over 10,000 hours of video content on-chain. LVO's stock price currently sits at $4.215, up 2.06% at the opening, bringing its market capitalization to $48.64 million.
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