SOS Limited invests $50 million in Bitcoin to boost its blockchain business, sending its stock soaring.

SOS Limited has approved a $50 million investment in Bitcoin, aiming to strengthen its blockchain business and capitalize on the growing institutional support for cryptocurrencies. The company plans to use quantitative trading strategies to manage its Bitcoin holdings and generate steady returns. Following the announcement, SOS shares surged, reflecting market optimism about the investment strategy.

November 27, 2024
7 Articles

Further Reading