Why LQR House Stock Is Sliding After Its $39 Million Stablecoin Bet
LQR House shares fell 8.66 cents to $0.7321 Friday, with 238,852 shares traded, after President Yilin Lu resigned and the board shrank to five directors. The company disclosed a $39 million Tether-funded deal to raise its stake in Fusion Five Continents Securities to 54%. LQR’s market value stood at $15.6 million, well below the Fusion Five purchase price.