BlockBeats news, on November 27th, according to official news, Chinese concept stock listed company SOS Ltd. announced that the board approved its plan to invest 50 million USD to purchase Bitcoin (BTC). In order to maximize returns and reduce market volatility, SOS plans to adopt various quantitative trading strategies, including investment, trading, and arbitrage strategies.
It is reported that SOS Ltd. is a diversified company engaged in blockchain, cryptocurrency operations, and commodity trading.
According to market data, SOS's stock price surged by 98.71%, currently quoted at 13.81 USD.
