Chinese Company SOS Buys $50 Million
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin,
Stock Jumps 100%
Chinese data mining• Информационные технологии » Информатика » Наука о данных » Data mining
• Информационные технологии » Искусственный интеллект » Инженерия знаний » Data mining
• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Искусственный интеллект » Инженерия знаний » Data mining
• Высокие технологии » Информационные технологии и телекоммуникации » Искусственный интеллект » Инженерия знаний » Data mining firm SOS Limited s board of directors has approved a
$50 million investment in Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin. The decision was shared on November 27
through the company s official press release.
SOS is planning to use several trading strategies for this investment. This
will include quantitative trading, direct investment, and arbitrage
strategies.
SOS Stock Surges 100% Following its Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Purchase
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This announcement comes as Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin has started to recover largely from its
earlier liquidation . BTC fell below $91,000 yesterday, its lowest in a week.
However, the bullish cycle regained momentum as the largest cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта
surged back to $96,000 today. Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Price Performance on Wednesday. Source:
BeInCrypto
Following this news, SOS Limited’s share prices jumped nearly 100% on
Wednesday, November 27. The cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта s recent surge is driving
increased participation from investors globally. SOS Limited’s Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin
purchase aligns with the growing enthusiasm around digital assets.
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SOS Limited Stock Price on Wednesday, November 27. Source: TradingView
The company views Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin as a key digital asset with strategic importance on
a global scale. SOS Limited supports the notion that Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin could play a
pivotal role in global reserve strategies.
“We believe this investment plan will further enhance the Company s
overall competitiveness and profitability in the digital asset investment
sector, said Yandai Wang, Chairman and CEO of SOS.
Public Companies Are Extremely Bullish on BTC
Meanwhile, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin acquisitions have been surging across publicly traded
companies in recent months. Earlier this week, MicroStrategy completed another
round of Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin purchases worth $5.4 billion . This was the third consecutive
BTC purchase from Michael Saylor’s firm in November alone.
So far, the firm has acquired over $16 billion worth of BTC this year,
extending its lead as the largest Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin holder across the industry.
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Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s recent highs have also impacted Microstrategy’s stock performance.
MSTR surged by nearly 450% YTD, becoming one of the top 100 public companies
in the US .
Also, crypto miner Marathon Digital recently raised $1 billion through a
convertible senior notes offering. As BeInCrypto reported earlier, the
lion s share of this fund will be used to buy more Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin .
Despite Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin reaching $99,000 in the current cycle, these major firms seem
extremely bullish on BTC’s long-term price. Earlier this week, Pantera Capital
projected that the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта will reach $740,000 by 2028 .
The firm previously projected Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin to be around $117,000 by August 2025,
and we’re not far from this mark.
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