Unicoin Signs Agreement to Acquire Controlling Stake in DiamondLake, Expanding into Digital Asset Treasury Business

Core Insights - Unicoin Inc. has entered into a definitive agreement to acquire a 51% stake in Diamond Lake Minerals Inc., which will be rebranded as DiamondLake Inc. to focus on digital assets and a new Digital Asset Treasury business [1][5] - The acquisition reflects Unicoin's commitment to transforming the digital assets sector and aims to capitalize on the projected growth of the alt-coin market [2][3] Company Overview - DiamondLake Inc. plans to implement innovative strategies to secure significant stakes in emerging alt-coins, inspired by successful models like Strategy Inc. [2][3] - The partnership aims to address Bitcoin's technological limitations by focusing on early investments in alt-coins, as Bitcoin's market share is expected to diminish [3][4] Strategic Goals - The transaction is expected to close within 20 days of signing, with a rebranding to be completed in the third quarter of 2025 [1][5] - DiamondLake Inc. aims to become a leading player in the global digital assets landscape, offering innovative solutions for both institutional and retail investors [5][8] Leadership Statements - Unicoin's CEO emphasized the potential for cost-efficient results in the alt-coin segment compared to Bitcoin, citing legislative developments as a positive factor [3] - The co-founder of Unicoin described the partnership as a declaration to lead in the digital currency space, aiming to transform speculation into strategic wealth creation [4]