Original author: Nancy, PANews.
The strategy of incorporating Bitcoin into reserve assets is gaining popularity worldwide. Recently, SOS Ltd. (SOS), a company listed on the New York Stock Exchange, announced it would purchase $50 million worth of Bitcoin, and its stock price surged immediately after the news was released. Meanwhile, with the increasing market recognition of Bitcoin, 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 also significantly drives the rapid rise in stock prices.
Announced a $50 million Bitcoin investment plan, having ventured into cryptocurrency mining years ago.
On November 27, SOS announced that the board has approved a plan to invest $50 million to purchase Bitcoin. SOS believes that this move emphasizes the company's commitment to promoting its blockchain industry and solidifies the company's 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 field of digital asset investment.
After the announcement, SOS's stock price opened at a peak of $15.11 before retreating, with an increase 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 clients a one-stop digital comprehensive solution. At the same time, SOS is also a multi-domain company engaged in Bitcoin, cryptocurrency business, and commodity trading, with operations including cryptocurrency mining and potential future expansions into cryptocurrency security and insurance.
In fact, SOS has been laying out plans for cryptocurrency mining for years. For example, as early as 2020, SOS announced spending approximately $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 the launch of 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 hosted machines until 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 attention from global investors. 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. Coupled with the positive dynamics of the current cryptocurrency market, including the more favorable 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 supporting the sustainable development of the global digital economy.
To maximize investment returns and minimize market volatility risks, SOS plans to adopt a variety of quantitative trading strategies including investment, trading, and arbitrage to help the company achieve stable returns in the current market environment while further optimizing its investment portfolio over time.
Several Hong Kong-listed companies have been buying Bitcoin: long-term布局 yielding substantial profits, short-term entry leading to surging stock prices.
Since entering the second half of this year, an increasing number of listed companies worldwide are actively incorporating Bitcoin into their asset allocation, especially in the United States and Japan, where many companies have announced related plans aimed at optimizing financial structures and achieving asset appreciation, while also promoting the widespread application and popularity of cryptocurrency assets.
In addition to SOS, some Chinese listed companies have also shown strong interest and active participation. From the Bitcoin holdings of five Hong Kong-listed companies below, some have profited significantly through years of布局, but their stock prices have not seen noticeable increases this year. Conversely, some companies that announced Bitcoin investment plans this year experienced significant stock price increases after making large purchases of Bitcoin.
Meitu: Has held Bitcoin for years with a floating profit of over $40 million.
The United States invested in cryptocurrency assets as early as 2021 and has not made any additional purchases or sales since then. 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 a floating profit of over $40.473 million. According to Meitu's disclosures last year, the company would consider selling cryptocurrency 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, declining over 21.9% since the beginning of the year.
Boyaa Interactive: Holds over 2,460 Bitcoins, and its stock price has soared over 750% this year.
Boyaa Interactive is one of the largest listed companies in Asia by Bitcoin holdings. Market data shows that this year, Boyaa Interactive's stock price has risen by 753.45%, reaching new highs 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 holding cost of approximately $143 million, meaning the average cost per Bitcoin is $54,027, and the cost per Ethereum is $2,756. Based on the latest prices on November 28, Boyaa Interactive has a floating profit of over $165 million.
Guofu Innovation: Purchased Bitcoin worth HK$36 million within six months, with stock prices rising over 134% at their highest.
After Guofu Innovation publicly announced its cryptocurrency investment plan, this Hong Kong-listed company purchased Bitcoin worth approximately HK$36 million on 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% at its peak.
NetDragon: Has held cryptocurrency assets for at least three years, with a profit of HK$51 million.
Hong Kong-listed company NetDragon Websoft is a global online and mobile internet education company, creating an innovative educational ecosystem based on its technology and operational expertise in mobile internet. In its 2021 annual report, NetDragon disclosed holding cryptocurrency worth HK$127 million, and in the following years, the company faced losses of tens of millions. However, the mid-2024 report showed that the company sold cryptocurrency worth HK$290 million in the first half of this year, earning HK$51 million.
Market data shows that NetDragon's stock price has dropped by 19.6% since the beginning of the year, only showing a brief upward trend.
Coolpad Group: BlackRock IBIT holdings have a floating profit of approximately $2.2 million.
Coolpad Group invested tens of millions of dollars in cryptocurrency assets this year, in addition to purchasing shares in cryptocurrency mining companies, the company also invested approximately $4.03 million in 113,000 shares of BlackRock IBIT, with a per-share price of about $35.64. Based on the latest price of $55.03 for IBIT, Coolpad has realized a floating profit of $2.191 million. It is worth mentioning that Coolpad's announcement in October indicated that the company would continue to suspend trading.
Original link
