Unicoin to Acquire 51% Stake in DiamondLake
Deal News | Jun 24, 2025 | Globenewswire
Unicoin Inc., a digital currency platform, has announced a definitive agreement to purchase a 51% controlling stake in Diamond Lake Minerals Inc., a company known for developing digital assets and security tokens. This acquisition is part of Unicoin's strategic push into the Digital Asset Treasury business. DiamondLake Minerals will rebrand to DiamondLake Inc. in alignment with this venture and seeks to capitalize on the alt-coin segment that is emerging due to regulatory changes like the Stablecoin Act. This move is inspired by successful models such as Strategy Inc., with intentions to address systemic issues such as Bitcoin's scalability and high operational costs through early investments in promising alt-coins. Both companies view this partnership as an opportunity to harness their collective strengths in digital asset management and tokenization, paving the way for new wealth-building strategies accessible to a broader range of investors. The transaction is set to close by the third quarter of 2025, subject to customary conditions.
Sectors
- Digital Currency
- Financial Services
Geography
- United States – Both Unicoin and Diamond Lake Minerals are U.S.-based companies; the deal's landscape is primarily governed by domestic regulatory developments.
Industry
- Digital Currency – The industry pertains to companies involved in the creation, trading, and regulation of digital currencies, such as cryptocurrencies, which are central to this deal.
- Financial Services – Involves companies providing monetary-related services like asset management, reflecting DiamondLake's strategy of entering the Digital Asset Treasury business.
Financials
- 51% – Unicoin's acquisition percentage in Diamond Lake Minerals.
- $40 billion – The amount Strategy Inc. spent on purchasing bitcoins, referenced as a model.
- $106 billion – The valuation achieved by Strategy Inc. through its bitcoin acquisitions.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Unicoin Inc. | Bidding Company/Buyer | Company | A pioneering digital currency platform acquiring a controlling stake in Diamond Lake Minerals. |
| Diamond Lake Minerals Inc. | Target Company | Company | A company specializing in the development of digital assets and security tokens, being acquired by Unicoin. |
| SEC | Regulatory Body | Government | The U.S. Securities and Exchange Commission regulates entities like Diamond Lake, particularly in areas of digital tokens and securities. |
| Strategy Inc. | Industry Model/Inspirational Company | Company | Known for large-scale bitcoin purchases, its strategy serves as an inspirational model for the Treasury business approach. |