The board of directors of LiveOne, a publicly traded company in the US, has approved a $500 million funding authorization to expand its cryptocurrency treasury reserves

ChainCatcher news, according to market news, LiveOne CEO Robert Ellin released a shareholder letter, which disclosed that its board has approved a $500 million funding authorization to expand its cryptocurrency asset treasury reserves. The company had previously invested over $5 million in purchasing Bitcoin and has also completed a $6.5 million stock buyback.