LiveOne's Bitcoin Bet: Adoption Signal, But High Avg Price Raises Risk
I note that US-listed LiveOne has purchased Bitcoin, allocating several million dollars at an average price of $117,885 per BTC. I view this as a clear corporate bet on crypto adoption that could support long-term upside if Bitcoin trends higher.
At the same time, the unusually high average purchase price increases near-term balance-sheet and share-price risk if BTC trades well below that level. I would watch how management funds this position and whether they disclose size relative to cash and equity.
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Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.