Unicoin plans to acquire a majority stake in Diamond Lake and launch an alts treasury strategy.

robot
Abstract generation in progress

PANews June 23 news, according to CoinDesk, the crypto project Unicoin, which is facing SEC accusations, announced the acquisition of a 51% stake in Diamond Lake Minerals and will restructure it as "DiamondLake," promoting a corporate treasury strategy centered around emerging alts, akin to the Bitcoin reserve model of Strategy. The transaction is valued at over $70 million and is expected to be completed within 20 days. Previously, the SEC accused Unicoin of illegally raising over $100 million through exaggerated asset values and false advertising. Unicoin's CEO refuted the allegations and refused to settle with the SEC.

BTC0.23%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)