SOS announced the Board of Directors approved its plan to invest $50M to purchase Bitcoin (BTC). This initiative underscores SOS‘s commitment to advancing its blockchain business and solidifies the Company’s long-term belief in Bitcoin’s role as a store of value and a strategic asset. The purchase plan comes as Bitcoin reaches historic highs and continues to capture global investors’ interest. According to the latest market data, Bitcoin’s price has soared to around $93,000 per coin, with projections suggesting it may surpass the $100,000 milestone by year-end. SOS’s investment strategy aligns closely with the positive momentum in the cryptocurrency market, including a more favorable U.S. policy environment toward digital assets and growing institutional support for Bitcoin. To maximize returns and mitigate market volatility, SOS plans to employ a variety of quantitative trading strategies, including investing, trading and arbitrage strategies.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on SOS:
- SOS Limited rises 7.5%
- SOS Limited falls -8.5%
- SOS Limited falls -17.2%
- SOS Limited falls -11.1%
- SOS Limited announces ADS ratio change
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
