Unicoin plans to acquire a majority stake in Diamond Lake and launch a strategy for altcoin vaults According to CoinDesk, the cryptocurrency project Unicoin, which has been accused by the SEC, announced that it will acquire a 51% stake in Diamond Lake Minerals and restructure it into "DiamondLake", promoting an enterprise treasury strategy centered on emerging altcoins, similar to Strategy's Bitcoin reserve model. The transaction is valued at over 70 million US dollars and is expected to be completed within 20 days. Previously, the SEC accused Unicoin of illegally raising over $100 million by exaggerating asset values and false advertising. The CEO of Unicoin refuted the allegations and refused to settle with the SEC.