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According to Techub News and CoinDesk, crypto assets investment company Unicoin will acquire a 51% stake in Diamond Lake Minerals and restructure it into "DiamondLake," promoting a corporate treasury strategy centered around emerging alts, similar 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, Unicoin and its executives were accused by the U.S. SEC of raising over $100 million from thousands of investors through fraudulent means.

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