SOS, a Chinese listed company, invested 50 million US dollars in Bitcoin.
Are Chinese listed companies buying BTC in a big way to increase stock prices?
The strategy of including Bitcoin in reserve assets is becoming popular around the world. Recently, SOS Ltd. (SOS), a company listed on the New York Stock Exchange, announced that it would purchase 50 million US dollars of Bitcoin.
As soon as the news was released, its stock price soared. At the same time, as the market recognition of Bitcoin continues to increase,
Many domestic listed companies are including Bitcoin in their reserve assets.
This strategy not only optimizes the company's asset structure and brings additional benefits, but also greatly promotes the rapid rise in stock prices!
After the news was announced, SOS's stock price soared to $15.11 at the opening and then fell back, but the increase was still 42.88%.
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