YEREVAN (CoinChapter.com) — Chinese publicly traded company SOS Limited revealed plans to invest $50 million in Bitcoin (BTC), sparking an immediate 100% surge in its stock price. The company’s announcement aligns with Bitcoin’s ongoing market rally, currently priced at around $95,000 per coin.
According to the announcement, SOS aims to leverage quantitative trading strategies, including trading, arbitrage, and investing, to optimize its returns while mitigating market risks.
Market Confidence in Bitcoin’s Potential
Moreover, Bitcoin’s rising value continues to attract institutional interest, with prices nearing the $100,000 mark. The company’s investment aligns with global shifts toward cryptocurrency adoption. Recent improvements in U.S. regulatory policies and the launch of Bitcoin ETFs have further solidified Bitcoin’s appeal.
Chairman and CEO of SOS, Yandai Wang, commented,
“The Bitcoin market is supported by regulatory improvements and new financial instruments like ETFs. We believe this investment will enhance the company’s position in the digital asset market.”
SOS’s allocation follows MicroStrategy’s recent purchase of 55,500 Bitcoin valued at $5.4 billion. More institutional investors are beginning to allocate funds to the asset, helping to drive its overall momentum.
About SOS Limited
SOS Limited operates as a multifaceted company involved in blockchain, cryptocurrency, and commodity trading. Its current activities include cryptocurrency mining, with plans to expand into cryptocurrency security and insurance in the future. Since April 2021, SOS has managed commodity transactions through its subsidiary, SOS International Trading Co., Ltd., which serves as the core infrastructure for its marketing data operations.
The company’s technologies and solutions for insurance and emergency rescue services utilize big data, blockchain technology, cloud computing, artificial intelligence, satellite systems, and 5G networks. In addition, SOS has also developed a cloud-based “software as a service” (SaaS) platform to support emergency rescue services. This platform offers products in three main categories: basic cloud, cooperative cloud, and information cloud.
Notably, the system provides tailored marketing solutions for a wide range of industries, including insurance companies, financial institutions, medical and health care providers, automobile manufacturers, safety service providers, and elderly life assistance organizations. These solutions aim to enhance services within the emergency rescue industry.
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