Business
Unicoin Signs Agreement to Acquire Controlling Stake in DiamondLake, Expanding into Digital Asset Treasury Business
Unicoin Signs Agreement to Acquire Controlling Stake in DiamondLake, Expanding into Digital Asset Treasury Business.
About this update from Diamond Lake Minerals, Inc.
[{"type":"text","content":"\r\n\r\n \r\n \r\n Unicoin Signs Agreement to Acquire Controlling Stake in DiamondLake, Expanding into Digital Asset Treasury Business\r\n \r\n \r\n\r\n\r\nUnicoin Signs Agreement to Acquire Controlling Stake in DiamondLake, Expanding into Digital Asset Treasury Business\r\n\r\n\r\n\r\n\r\n\r\nNEW YORK, June 24, 2025 (GLOBE NEWSWIRE) -- Unicoin Inc., a pioneering digital currency platform, is pleased to announce that it has entered into a definitive agreement to acquire a 51% stake in Diamond Lake Minerals Inc. (OTC: DLMI), a visionary company specializing in the development of digital assets and SEC-registered security tokens. Concurrently, the company will rebrand as DiamondLake Inc. to reflect its ongoing expansion and strategic focus on digital assets, including a new Digital Asset Treasury business. The closing of the transaction is expected to occur within 20 days of signing, subject to customary closing conditions. This move underscores Unicoin’s commitment to transforming the digital assets sector. DiamondLake Inc. plans to expand into the Digital Asset Treasury business, inspired by the success of models like Strategy Inc. (formerly MicroStrategy). Acting on the projected growth of the alt-coin market, DiamondLake aims to implement innovative strategies to secure significant stakes in emerging alt-coins. “Strategy Inc. has spent over $40B on purchasing bitcoins to achieve its current $106 billion valuation,” said Alex Konanykhin, CEO of Unicoin. “We believe that the same results can be achieved much more cost-efficiently in the alt-coin segment, given the progress with the Stablecoin Act and other positive legislative regulatory developments.” CEO Brian J. Esposito stated, “I’ve admired Unicoin’s leadership and strategy for years, and today marks a historic moment as our companies unite to shape the future of tokenization. DiamondLake has always aimed to be one of the first U.S. public companies to incorporate tokenization into our core business, covering securities, assets, RWAs, projects, and partnerships. Our mission has been to unlock global liquidity and provide the 99%-ers of the world with access to wealth-building investments traditionally out of reach. Together with Unicoin, our combined resources, expertise, and vision will enable us to achieve ...