Deep Tide TechFlow News, on November 27, according to a press release, the Chinese concept stock listed company SOS Ltd. announced that its board has approved an investment plan to purchase up to $50 million worth of Bitcoin. SOS Chairman and CEO Wang Yandai stated that the Bitcoin market is currently performing strongly and has benefited from the launch of Bitcoin ETFs and improvements in the regulatory environment in the United States.

The announcement indicates that SOS will employ quantitative trading strategies, including investment, trading, and arbitrage methods to execute the plan. The current Bitcoin price has reached approximately $93,000, and the market expects it to break $100,000 by the end of the year. The company believes that Bitcoin is not only the cornerstone of the digital asset ecosystem but also has the potential to become a global strategic reserve asset.