LiveOne's Million-Dollar Bitcoin Purchase Shows Institutional Interest Despite High Entry Price
I note that US-listed LiveOne has disclosed a multi-million dollar purchase of Bitcoin at an average price of $117,885. That allocation is notable for signaling the company’s bullish stance on crypto, even if the unit price implies a relatively small BTC quantity for the capital deployed.
I view this as an institutional endorsement of Bitcoin’s role as a treasury asset, but the high average entry price raises short-term mark-to-market risk for LiveOne and suggests shareholders should check the position size versus company market cap and cash reserves.
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