Author: Nancy, PANews
The strategy of incorporating Bitcoin into reserve assets is becoming popular worldwide. Recently, US-listed company SOS Ltd. announced plans to purchase $50 million worth of Bitcoin, causing its stock price to surge immediately after the announcement. Meanwhile, as Bitcoin's market recognition 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 up the stock price.
Announced a $50 million Bitcoin investment plan and has been involved in cryptocurrency mining for many years.
On November 27, SOS announced that the board has approved a plan to invest $50 million in Bitcoin. SOS believes that this move emphasizes 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, further enhancing the company's overall competitiveness and profitability in the field of digital asset investment.
After the announcement, SOS's stock price opened with a peak surge to $15.11 before retreating, with an increase of 42.88%. According to official information, SOS provides digital technology services for industries such as emergency rescue, big data marketing, international trade, and digital assets through core technologies such as 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, which may expand into cryptocurrency security and insurance in the future.
In fact, SOS has been laying out encrypted mining enterprises for many years. For example, as early as 2020, SOS announced spending about 20 million on purchasing 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 more than 5,000 self-owned mining machines at its hosting center in Texas, and has signed a hosting agreement with Bitmain, with a total of 6,000 hosted mining machines, valid until August 20, 2025.
Regarding this Bitcoin investment plan, SOS explained in the announcement that currently, Bitcoin has reached historical highs and continues to attract global investor 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. Combined with the positive dynamics of the current cryptocurrency market, including a more favorable US policy environment for digital assets and major financial institutions' favor towards Bitcoin, SOS is committed to providing long-term value for 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 employ various 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.
Multiple Hong Kong companies are buying up Bitcoin: Long-term layout has yielded rich profits, while short-term entry has led to skyrocketing stock prices.
Since entering the second half of this year, more and more listed companies worldwide are actively incorporating Bitcoin into their asset allocation, especially in the US and Japan, where many listed companies have announced related plans aimed at optimizing financial structures and achieving asset appreciation, while also promoting the widespread application and popularization 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 listed companies in Hong Kong mentioned below, some companies have made substantial profits through years of layout, but their stock prices have not seen significant increases this year. However, some companies that announced Bitcoin investment plans this year saw significant stock price increases after making large purchases of Bitcoin.
Meitu: Bitcoin holdings have gained over $40 million in profits over the years.
The US invested in cryptocurrency assets as early as 2021 and has since made no additional purchases or sales. 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 gained over $40.473 million. According to Meitu's disclosure last year, 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 experienced a sustained upward trend this year, having fallen over 21.9% since the beginning of the year.
Boya Interactive: Holds over 2,460 Bitcoins, stock price has surged over 750% this year.
Boya Interactive is one of the largest listed companies in Asia by Bitcoin holdings. Market data shows that this year, Boya Interactive's stock price has increased by 753.45%, reaching a new high since October 2016.
According to a recent announcement from Boya Interactive, the company holds a total of 2,641 Bitcoins and 15,445 Ethereums, with a total holding cost of about $143 million, meaning the average cost per Bitcoin is $54,027 and the cost per Ethereum is $2,756. Based on the latest prices from November 28, Boya Interactive has made a profit of over $165 million.
Guofu Innovation: Purchased HKD 36 million worth of Bitcoin within six months, with stock price peaking at over 134%.
Since Guofu Innovation publicly announced its cryptocurrency investment plan, this Hong Kong-listed company has purchased Bitcoin worth approximately HKD 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 increased by about 134.7%.
NetDragon: Holds cryptocurrency assets for at least three years, has made a profit of 51 million yuan.
The Hong Kong-listed company NetDragon Network Holdings is a global online and mobile internet education company, creating an innovative educational ecosystem based on its technology and operational knowledge in mobile internet. As early as its 2021 annual report, NetDragon disclosed holding cryptocurrency worth 127 million yuan, and in the following years, the company suffered losses of several tens of millions. However, the 2024 mid-year report shows that the company sold cryptocurrency worth 290 million yuan in the first half of this year, making a profit of 51 million yuan.
Market data shows that NetDragon's stock price has fallen by 19.6% since the beginning of the year, with only a brief upward trend.
Coolpad Group: BlackRock's IBIT holdings have gained approximately $2.2 million.
Coolpad Group invested tens of millions of dollars in cryptocurrency assets this year. In addition to acquiring shares in cryptocurrency mining companies, the company also invested approximately $4.03 million in 113,000 shares of BlackRock's IBIT at a price of about $35.64 per share. Based on IBiT's latest price of $55.03, Coolpad has gained $2.191 million. It is worth mentioning that Coolpad's announcement in October indicated that the company will continue to remain suspended.
