How to Activate Stream Storage Add-on (500 GB)

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Occasional Visitor
Hi,
Bought Stream Storage Add-on (500 GB) via Volume Licensing Program, the product is reflected in the M365 Admin Center, but the total storage is not updated at the Stream Admin Center - Usage details.
Does add-on storage needs activation or assignment?
What is the action required to get the add-on storage updated?
Thank you.
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