LiveOne, a publicly listed company, disclosed that it purchased millions of dollars worth of Bitcoin at an average price of $117,885.

LiveOne (NASDAQ: LVO), a music, entertainment, and technology company, announced it has purchased millions of dollars worth of Bitcoin at a price of $117,885. The company's board of directors has pledged to invest $500 million to increase its Bitcoin holdings. LiveOne has also entered into a Bitcoin partnership with ARCA, which will oversee its Bitcoin yield strategy. Anchorage Digital provides secure custody and management for digital assets.