Author: Nancy, PANews
The strategy of incorporating Bitcoin into reserve assets is becoming a global trend. Recently, U.S. NYSE-listed company SOS Ltd. announced it will purchase $50 million worth of Bitcoin, and upon the release of this news, its stock price surged. Meanwhile, as Bitcoin's market recognition continues to rise, several domestic listed companies have begun incorporating Bitcoin into their reserve assets. This strategy not only optimizes the company's asset structure and brings additional income but has also significantly propelled the rapid rise in stock prices.
Announced a $50 million Bitcoin investment plan, already involved in crypto mining years ago.
On November 27, SOS announced that the board had approved a plan to invest $50 million to purchase Bitcoin. SOS believes this initiative emphasizes the company's commitment to advancing its blockchain industry and solidifies its long-term belief in Bitcoin as a store of value and strategic asset, which will further enhance the company's overall competitiveness and profitability in the digital asset investment field.
After the news was released, SOS's stock price surged to a high of $15.11 at the opening before retreating, with an increase still reaching 42.88%. According to official sources, SOS provides digital technology services for emergency rescue, big data marketing, international trade, digital assets, and other industries through core technologies such as AI + blockchain technology + satellite communication + big data, offering customers a one-stop digital overall solution. At the same time, SOS is also a multi-field company engaged in Bitcoin, cryptocurrency business, and commodity trading, with businesses including cryptocurrency mining, and may expand into cryptocurrency security and insurance in the future.
In fact, SOS has been investing in crypto mining companies for many years. For example, as early as 2020, SOS announced spending about $20 million to procure 14,238 Bitcoin mining machines and 1,408 Ethereum mining machines, with an expected daily revenue of $206,000 at that time; in 2023, SOS announced the launch of over 5,000 self-owned mining machines at its Texas hosting center, and has signed a hosting agreement with Bitmain for a total of 6,000 hosted mining machines, with a term ending on August 20, 2025.
Regarding this Bitcoin investment plan, SOS explained in the announcement that currently, Bitcoin has reached an all-time high and continues to attract global investors' attention. Bitcoin is not only an important component of the digital asset ecosystem but also has the potential to become one of the global strategic reserve assets. In light of the positive dynamics in the current cryptocurrency market, including a more favorable U.S. policy environment towards digital assets and major financial institutions' preference for Bitcoin, SOS is committed to bringing long-term value to shareholders and investors through continuous investment and technological innovation, while actively supporting the sustainable development of the global digital economy.
In order to maximize investment returns and minimize market volatility risks, SOS plans to adopt a variety of quantitative trading strategies including investment, trading, and arbitrage strategies to help the company achieve steady returns in the current market environment, while further optimizing the investment portfolio over time.
Multiple Hong Kong stock companies are buying up Bitcoin: Long-term layouts yield substantial floating profits, short-term entries see stock prices soar.
Since entering the second half of this year, an increasing number of publicly listed companies globally are actively incorporating Bitcoin into their asset allocation, especially in the U.S. and Japan where many listed companies have announced relevant plans aimed at optimizing financial structures and achieving asset appreciation, while also promoting the widespread application and popularization of crypto assets.
In addition to SOS, some Chinese listed companies have also shown strong interest and active participation. From the Bitcoin holdings of the five Hong Kong-listed companies discussed below, some have made substantial profits through years of investment, but their stock prices have not seen significant increases this year. However, some companies that announced Bitcoin investment plans this year saw their stock prices rise significantly after making substantial purchases of Bitcoin.
Meitu: Years of holding Bitcoin has yielded a floating profit of over $40 million.
The U.S. has already invested in crypto assets in 2021 and has not engaged in any additional purchases or sales since. According to BitcoinTreasuries.com, as of November 28, Meitu holds 941 Bitcoins, currently valued at over $89.98 million. Based on a cost price of $52,611, Meitu has a floating profit of over $40.473 million. According to Meitu's disclosure last year, the company will consider selling cryptocurrency at an appropriate time, but currently, there are no specific disposal plans.
Market data shows that Meitu's stock price has not experienced a sustained upward trend this year, having fallen more than 21.9% since the beginning of the year.
Boyaa Interactive: Holds over 2,460 Bitcoins, stock price has soared over 750% this year.
Boyaa Interactive is one of the largest publicly listed companies in Asia by Bitcoin holdings. Market data shows that, so far this year, Boyaa Interactive's stock price has increased by 753.45%, reaching a new high since October 2016.
According to a recent announcement by Boyaa Interactive, the company holds a total of 2,641 Bitcoins and 15,445 Ethereum, with a total holding cost of about $143 million, meaning the average cost per Bitcoin is $54,027, and the cost per Ethereum is $2,756. Based on the latest price on November 28, Boyaa Interactive has already achieved a floating profit of over $165 million.
Guofu Innovation: Purchased 36 million Hong Kong dollars worth of Bitcoin within six months, stock price rose over 134%.
Since the announcement of the investment plan in cryptocurrencies by Guofu Innovation, this Hong Kong-listed company purchased Bitcoins worth about 36 million Hong Kong dollars in the open market between March and August. Market data shows that since the announcement in March, Guofu Innovation's stock price has risen by about 134.7%.
NetDragon: Holds crypto assets for at least three years, has made a profit of $5.1 million.
Hong Kong-listed company NetDragon Network Holdings is a global online and mobile internet education company, leveraging its technology and operational knowledge in mobile internet to create an innovative educational ecosystem. As early as its 2021 annual report, NetDragon disclosed it held cryptocurrencies worth 127 million yuan, and in the following years, the company incurred losses of several tens of millions. The mid-year report for 2024 shows that the company has sold cryptocurrencies worth 290 million yuan in the first half of this year, making a profit of 51 million yuan.
Market data shows that NetDragon's stock price has fallen by 19.6% since the beginning of the year, with only a brief upward trend.
Coolpad Group: BlackRock IBIT holdings have achieved a floating profit of about $2.2 million.
Coolpad Group has invested tens of millions of dollars in crypto assets this year, in addition to purchasing shares in crypto mining companies, the company also invested approximately $4.03 million in 113,000 shares of BlackRock IBIT, with a share price of about $35.64. Based on the latest price of IBiT at $55.03, Coolpad has achieved a floating profit of $2.191 million. It's worth mentioning that Coolpad's announcement in October showed that the company will continue to remain suspended.
