Author: Nancy, PANews
The strategy of incorporating Bitcoin into reserve assets is becoming a global trend. Recently, the U.S.-listed company SOS Ltd. announced that it will purchase $50 million worth of Bitcoin, and after the news was released, the stock price surged. At the same time, as Bitcoin's market recognition continues to rise, several Chinese-listed companies are also incorporating Bitcoin into their reserve assets. This strategy not only optimizes the company's asset structure and brings additional income but also significantly drives rapid stock price increases.
Announcing a $50 million Bitcoin investment plan, already involved in the cryptocurrency mining industry years ago.
On November 27, SOS announced that the board has approved a plan to invest $50 million in Bitcoin. SOS believes this move 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 announcement, SOS's stock price opened at a peak of $15.11 before retreating, still achieving a rise of 42.88%. According to the official introduction, 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 customers a one-stop digital overall solution. At the same time, SOS is also a multi-domain company engaged in Bitcoin, cryptocurrency business, and commodity trading, with future expansion possibilities into cryptocurrency security and insurance.
In fact, SOS has been involved in cryptocurrency mining for many years. For example, as early as 2020, SOS announced it spent approximately $20 million to procure 14,238 Bitcoin mining machines and 1,408 Ethereum mining machines, with expected daily revenue at that time of $206,000; in 2023, SOS announced it would launch 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 machines, valid until August 20, 2025.
Regarding the 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. Combining the current positive dynamics of the cryptocurrency market, including the U.S. policy environment's more favorable commitment to 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.
To maximize investment returns and reduce market volatility risks, SOS plans to adopt multiple quantitative trading strategies, including investment, trading, and arbitrage strategies, to help the company achieve stable returns in the current market environment, while further optimizing its investment portfolio over time.
Several Chinese listed companies are buying Bitcoin: long-term investments yield substantial profits while short-term entrants see stock prices soar.
Since entering the second half of this year, an increasing number of global listed companies are actively incorporating Bitcoin into their asset allocations, especially in the U.S. and Japan, where many listed companies have announced related plans aimed at optimizing their financial structure 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 following five Chinese-listed companies, some have made significant profits through years of investment, yet their stock prices have not shown noticeable increases this year. Meanwhile, some companies announcing Bitcoin investment plans this year have seen significant stock price increases after making large purchases.
Meitu: Bitcoin holdings have unrealized profits exceeding $40 million.
Meitu invested in cryptocurrency as early as 2021. Data from BitcoinTreasuries.com shows that 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 profit exceeding $40.473 million. According to Meitu's disclosure last year, the company would consider selling cryptocurrency at an appropriate time, but there are currently no specific disposal plans.
Market data shows that Meitu's stock price has not experienced a sustained upward trend this year, having dropped over 21.9% year-to-date.
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 year-to-date, Boyaa Interactive's stock price has risen by 753.45%, reaching a new high since October 2016.
According to a recent announcement from Boyaa Interactive, the company holds a total of 2,641 Bitcoins and 15,445 Ethereum, with a total cost of approximately $143 million, meaning the average cost per Bitcoin is $54,027 and $2,756 for each Ethereum. Based on the latest price on November 28, Boyaa Interactive has unrealized profits exceeding $165 million.
Guofu Innovation: Purchased 36 million Hong Kong dollars worth of Bitcoin within six months, with stock prices peaking at over 134%.
Since Guofu Innovation publicly announced its cryptocurrency investment plan, the Hong Kong-listed company purchased Bitcoin worth approximately 36 million Hong Kong dollars in the public market between March and August. Market data shows that since the announcement in March, Guofu Innovation's stock price has risen by as much as 134.7%.
NetDragon: Holds crypto assets for at least three years, has realized profits of 51 million yuan.
Hong Kong-listed company NetDragon Websoft is a global online education company that has created an innovative education ecosystem leveraging its mobile internet technology and operational knowledge. As early as its 2021 annual report, NetDragon revealed it held cryptocurrencies valued at 127 million yuan. Over the following years, the company incurred losses of several tens of millions. However, the 2024 mid-year report showed that the company sold cryptocurrencies worth 290 million yuan in the first half of this year, realizing a profit of 51 million yuan.
Market data shows that NetDragon's stock price has dropped 19.6% year-to-date, with only a brief upward trend.
Coolpad Group: BlackRock IBIT shares have unrealized profits of approximately $2.2 million.
Coolpad Group has invested several 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, at a price of about $35.64 per share. Based on IBIT's latest price of $55.03, Coolpad's unrealized profit reaches $2.191 million. It is worth mentioning that the October announcement from Coolpad indicates that the company will continue to remain suspended.
(The above content is excerpted and reprinted with authorization from partner PANews, original link)
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"U.S.-listed company SOS invests $50 million in Bitcoin; which other Chinese listed companies have joined in?" This article was first published on (Block客).
