Chinese concept stock listed company SOS announced the purchase of 50 million US dollars BTC

CoinVoice

2024-11-27 14:43:35

BTC-0,36%

CoinVoice has learned that SOS Ltd., a Chinese concept stock listed company, announced that its board of directors has approved an investment plan to purchase $50 million worth of Bitcoin. SOS Chairman and CEO Wang Yan said that the BTC market is currently strong and benefiting from the launch of BTC ETFs and improvements in the US regulatory environment.

According to the announcement, SOS plans to adopt quantitative trading strategies, including investment, trading, and Arbitrage. The company believes that Bitcoin is not only the cornerstone of the digital asset ecosystem, but also has the potential to become a global strategic reserve asset. [Original link]

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