PANews reported on November 27 that SOS Ltd., a Chinese company listed on the New York Stock Exchange, announced that its board of directors has approved a plan to invest $50 million in Bitcoin (BTC) to strengthen its blockchain industry layout. SOS stated that this plan not only reflects long-term confidence in Bitcoin as a strategic reserve asset but also aims to optimize the investment portfolio and enhance the company's competitiveness in the digital asset field. SOS will adopt a diversified quantitative trading strategy, including investment, trading, and arbitrage, to reduce market volatility risk and achieve stable returns.
The market value of SOS is approximately $9.16 million, and after today's opening, it surged by 47.19%, possibly influenced by this news.
