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The board of directors of the US-listed company LiveOne has approved a $500 million funding authorization to expand its Crypto Assets reserve.
According to Mars Finance, Robert Ellin, the CEO of Nasdaq-listed company LiveOne, released a shareholder letter in which it disclosed that its board of directors has approved a $500 million funding authorization to expand its encryption asset reserve. The company had previously invested over $5 million to purchase Bitcoin and has also completed a $6.5 million stock buyback.