TechFlow news — On November 27, according to PR Newswire, Chinese stock-listed company SOS Ltd. announced that its board of directors has approved an investment plan to purchase up to $50 million worth of Bitcoin. Wang Yandai, Chairman and CEO of SOS, stated that the Bitcoin market is currently performing strongly, benefiting from the launch of Bitcoin ETFs and improved regulatory conditions in the United States.
The announcement indicates that SOS will employ quantitative trading strategies, including investment, trading, and arbitrage, to execute this plan. The current Bitcoin price has reached approximately $93,000, with market expectations projecting a potential突破 above $100,000 by year-end. The company believes Bitcoin is not only the cornerstone of the digital asset ecosystem but also holds potential as a global strategic reserve asset.
Following this news, SOS Limited (SOS) surged 98.71% at the opening of U.S. trading, with the current price at $13.81.
