As the market recognition of Bitcoin continues to rise, the Chinese concept stock SOS followed suit by investing 50 million USD in Bitcoin, driving a surge in its stock price. In fact, several domestic listed companies have also included Bitcoin in their reserve assets, optimizing the company's asset structure and generating additional profits, which has significantly driven up their stock prices.
Written by: Nancy, PANews.
The strategy of including Bitcoin in reserve assets is becoming popular globally. Recently, the US-listed company SOS Ltd. announced it would purchase 50 million USD worth of Bitcoin, causing its stock price to surge immediately after the announcement. At the same time, as Bitcoin's market recognition continues to grow, several domestic listed companies have begun to include Bitcoin in their reserve assets. This strategy not only optimizes the company's asset structure and generates additional profits but has also significantly driven up stock prices.
Announced a 50 million USD Bitcoin investment plan, has been involved in crypto mining for several years.
On November 27, SOS announced that the board has approved a plan to invest 50 million USD to purchase Bitcoin. SOS believes this move emphasizes the company's commitment to promoting its blockchain industry and consolidates its long-term belief in Bitcoin as a store of value and strategic asset, further enhancing the company's overall competitiveness and profitability in digital asset investment.
After the announcement, SOS's stock price peaked at 15.11 USD in early trading before retreating, with a still significant increase of 42.88%. According to official introductions, SOS provides digital technology services for emergency rescue, big data marketing, international trade, digital assets, and other industries through core technologies such as AI + blockchain technology + satellite communication + big data, offering customers a one-stop digital overall solution. At the same time, SOS is also a multi-field company engaged in Bitcoin, cryptocurrency business, and commodity trading, with operations including cryptocurrency mining, and may expand into cryptocurrency security and insurance in the future.
In fact, SOS has been laying out investments in crypto mining for many years. For instance, as early as 2020, SOS announced it spent approximately 20 million USD to procure 14,238 Bitcoin mining machines and 1,408 Ethereum mining machines, expecting to generate daily revenues of 206,000 USD at that time; In 2023, SOS announced it launched 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, with the term ending on 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. In light of the positive dynamics in the current cryptocurrency market, including the US policy environment's more favorable commitments 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 various quantitative trading strategies, including investment, trading, and arbitrage strategies, to help the company achieve steady returns in the current market environment while further optimizing its investment portfolio over time.
Several Hong Kong-listed companies are buying up Bitcoin: Long-term investments yield substantial profits, while short-term entries lead to soaring stock prices.
Since entering the second half of this year, more and more listed companies globally have actively included Bitcoin in their asset allocation, especially in the US and Japan, where many listed companies have announced relevant plans aimed at optimizing financial structures and achieving asset appreciation while also promoting the widespread application and popularization of crypto assets.
Apart from SOS, some Chinese listed companies have also shown strong interest and active participation. From the following five Hong Kong-listed companies' Bitcoin holdings, some companies have made substantial profits through years of investment, but their stock prices have not seen significant increases this year. In contrast, some companies that announced Bitcoin investment plans this year saw a notable rise in stock prices after making large purchases of Bitcoin.
Meitu: Bitcoin holdings have appreciated over 40 million USD over the years.
The US invested in crypto assets as early as 2021 and has not made any further 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 USD. Based on a cost price of 52,611 USD, Meitu has unrealized profits of over 40.473 million USD. According to disclosures from Meitu last year, the company would consider selling cryptocurrencies at an appropriate time, but currently has no specific disposal plans.
Market shows that Meitu's stock price has not welcomed a sustained upward trend this year, down over 21.9% from the beginning of the year.
Boyaa Interactive: Holds over 2,460 Bitcoins, 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 to date, Boyaa Interactive's stock price has risen by 753.45%, reaching a new high since October 2016.
According to a recent announcement by Boyaa Interactive, the company holds a total of 2,641 Bitcoins and 15,445 Ethereum, with a total holding cost of approximately 143 million USD, which means the average cost per Bitcoin is 54,027 USD, and the cost per Ethereum is 2,756 USD. Based on the latest price on November 28, Boyaa Interactive has appreciated over 165 million USD.
Guofu Innovation: Purchased 36 million Hong Kong dollars worth of Bitcoin within half a year, stock price peaked over 134% increase.
Since Guofu Innovation publicly announced its cryptocurrency investment plan, this 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 about 134.7%.
NetDragon: Held crypto assets for at least three years, has made a profit of 51 million.
Hong Kong-listed company NetDragon Websoft is a global online and mobile internet education company that builds an innovative educational ecosystem based on its technology and operational expertise in mobile internet. In its 2021 annual report, NetDragon disclosed holdings of cryptocurrencies worth 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 cryptocurrencies worth 290 million in the first half of this year, yielding a profit of 51 million.
Market shows that NetDragon's stock price has dropped by 19.6% since the beginning of the year, with only a brief upward trend.
Coolpad Group: BlackRock IBIT holdings have appreciated approximately 2.2 million USD.
Coolpad Group invested tens of millions of USD in crypto assets this year. In addition to purchasing shares in crypto mining companies, the company also invested about 4.03 million USD in 113,000 shares of BlackRock IBIT at an average price of about 35.64 USD per share. Based on the latest price of IBiT at 55.03 USD, Coolpad has an unrealized profit of 2.191 million USD. Notably, the announcement made by Coolpad in October indicated that the company will continue its trading suspension.
