Article source: Nancy
Author: Nancy, PANews
The strategy of incorporating Bitcoin into reserve assets is becoming popular worldwide. Recently, U.S. NYSE-listed company SOS Ltd. announced it will purchase $50 million worth of Bitcoin, causing its stock price to soar immediately after the announcement. At the same time, as the market recognition of Bitcoin continues to rise, several domestic listed companies are incorporating Bitcoin into their reserve assets. This strategy not only optimizes the company's asset structure and brings additional profits but also significantly drives the rapid increase in stock prices.
Announced a $50 million Bitcoin investment plan, having been involved in crypto mining for years.
On November 27, SOS announced that the board of directors has approved a plan to invest $50 million in Bitcoin. SOS believes this move underscores the company's commitment to advancing its blockchain industry and reinforces 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 opened at a maximum surge of $15.11 before retreating, still achieving a gain of 42.88%. According to official descriptions, SOS provides digital technology services for industries such as emergency rescue, big data marketing, international trade, and digital assets through core technologies like AI + blockchain technology + satellite communication + big data, offering clients a one-stop digital overall solution. At the same time, SOS is a multi-domain company engaged in Bitcoin and cryptocurrency business and bulk commodity trading, including cryptocurrency mining, and may expand into cryptocurrency security and insurance in the future.
In fact, SOS has been involved in cryptocurrency mining for many years. For instance, as early as 2020, SOS announced spending about $20 million to procure 14,238 Bitcoin mining machines and 1,408 Ethereum mining machines, expecting to generate daily revenue of $206,000 at that time; in 2023, SOS announced it launched over 5,000 self-owned mining machines at its Texas hosting center and has signed a hosting agreement with Bitmain, with a total of 6,000 mining machines under hosting, the 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 investor attention. Bitcoin is not only an important part of the digital asset ecosystem but also has the potential to become one of the global strategic reserve assets. In conjunction with the positive dynamics of the current cryptocurrency market, including the more favorable commitment of the U.S. policy environment towards digital assets and the preference of major financial institutions for Bitcoin, SOS is committed to bringing long-term value to shareholders and investors through continuous investment and technological innovation, while actively contributing to the sustainable development of the global digital economy.
To maximize investment returns and reduce market volatility risks, SOS plans to adopt various quantitative trading strategies, including investment, trading, and arbitrage strategies, to help the company achieve stable returns in the current market environment, while further optimizing the investment portfolio over time.
Several Hong Kong companies are purchasing Bitcoin: long-term layouts yield substantial profits, while short-term entries see stock prices surge.
Since entering the second half of this year, an increasing number of listed companies worldwide have actively incorporated Bitcoin into their asset allocations, especially in the U.S. and Japan, where several listed companies have announced related plans aimed at optimizing their financial structures and achieving asset appreciation, while also promoting the widespread application and popularity 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 detailed below, some companies have already made significant profits from years of planning, but their stock prices have not shown a significant increase this year. Meanwhile, some companies that announced Bitcoin investment plans this year experienced significant increases in stock prices after making large purchases of Bitcoin.
Meitu: Years of holding Bitcoin have resulted in an unrealized gain of over $40 million.
The U.S. invested in crypto assets as early as 2021 and has not made any further purchases or sales since then. According to BitcoinTreasuries.com data, 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 an unrealized gain of over $40.47 million. Meitu disclosed last year that the company would consider selling cryptocurrencies at an appropriate time, but currently has no specific disposal plans.
Market data shows that Meitu's stock price has not seen a sustained upward trend this year, dropping over 21.9% since the beginning of the year.
Boyaa Interactive: Holds over 2,460 Bitcoins, stock price has surged over 750% this year.
Boyaa Interactive is one of the listed companies in Asia with the largest Bitcoin holdings. Market data shows that this year, Boyaa Interactive's stock price has risen 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 cost of about $143 million, meaning the average cost per Bitcoin is $54,027 and per Ethereum is $2,756. Based on the latest price on November 28, Boyaa Interactive has an unrealized gain of over $165 million.
Guofu Innovation: Purchased HKD 36 million worth of Bitcoin within half a year, stock price increased by over 134%.
Since the announcement of the public cryptocurrency investment plan by Guofu Innovation, this Hong Kong-listed company has purchased approximately HKD 36 million worth of Bitcoin in the open market from March to August. Market data shows that since the announcement in March, Guofu Innovation's stock price has increased by about 134.7%.
NetDragon: Has held crypto assets for at least three years, earning 51 million yuan.
Hong Kong-listed company NetDragon Websoft is a global online and mobile internet education company, creating an innovative education ecosystem based on its technology and operational knowledge in mobile internet. As early as its 2021 annual report, NetDragon disclosed holding cryptocurrencies valued at 127 million yuan, and in the following years, the company incurred losses of several tens of millions. The 2024 mid-year report shows that the company sold cryptocurrencies worth 290 million yuan in the first half of this year, earning 51 million yuan.
Market data shows that NetDragon's stock price has dropped 19.6% since the beginning of the year, with only a brief upward trend.
Coolpad Group: BlackRock's IBIT position has appreciated by approximately $2.2 million.
Coolpad Group invested tens of millions of dollars in crypto assets this year. In addition to acquiring shares in crypto mining companies, the company also invested approximately $4.03 million in 113,000 shares of BlackRock's IBIT, with a price of about $35.64 per share. Based on IBiT's latest price of $55.03, Coolpad has an unrealized gain of $2.191 million. It is worth mentioning that Coolpad's announcement in October indicated that the company would continue to suspend trading.
