LiveOne shares fall 10.78% premarket despite doubling Bitcoin holdings to $4M+.

LiveOne Inc. dropped 10.78% in premarket trading, despite the company doubling its Bitcoin holdings to over $4 million. The investment was made at an average purchase price of $116,991 per coin, and the company continues to work with ARCA to enhance its digital asset yield strategy. The strategic investment in Bitcoin reflects the company's confidence in blockchain as a long-term store of value and aligns with its commitment to innovative financial management.