SOS Announces Plans to Strengthen Global Crypto Investment Strategy and Purchase up to $50 Million Worth of Bitcoin
SOS Limited American Depositary Shares, one hundred and fifty (150) Class A Ordinary Shares (SOS)
Company Research
Source: PR Newswire
NEW YORK, Nov. 27, 2024 /PRNewswire/ -- SOS Ltd., a multifaceted company that engages in the blockchain, cryptocurrency operations and commodity trading, today announced the Board of Directors approved its plan to invest $50 million 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
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News
- Yahoo Finance [Yahoo! Finance]Yahoo! Finance
- SOS Limited Announces Filing of the 2023 Annual Report on Form 20-FGlobeNewswire
- Bitcoin Struggles To Surpass $100,000 as Resistance and Economic Factors Weigh on Price [Yahoo! Finance]Yahoo! Finance
- SOS Limited Announces Planned ADS Ratio Change [Yahoo! Finance]Yahoo! Finance
- SOS Limited Announces Planned ADS Ratio ChangeGlobeNewswire
SOS
Sec Filings
- 12/20/24 - Form EFFECT
- 12/12/24 - Form POS
- 11/8/24 - Form SC
- SOS's page on the SEC website