After SOS announced a plan to invest $50 million in purchasing BTC, the stock price rose by over 40%.

CoinVoice

2024-11-28 03:35:48

BTC-0,75%

CoinVoice has learned that according to Cointelegraph, the Google Finance data shows that the stock price of SOS Ltd. (SOS) rose nearly 43% to $9.93 on November 27th, and continued to rise nearly 14.5% to $11.36 in after-hours trading.

However, the SOS stock price has fallen by 86.5% this year, and due to poor performance, the New York Stock Exchange (NYSE) sent it a non-compliance letter in August.

Yesterday, it was learned that SOS Ltd., listed on the New York Stock Exchange, announced that its board of directors has approved a plan to invest $50 million to purchase BTC (BTC), aiming to strengthen its blockchain industry layout. [Original link]

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