The Chinese concept stock listed company SOS announced that it will purchase 50 million dollars worth of Bitcoin
ChainCatcher news, according to a report from PR Newswire, the Chinese concept stock listed company SOS Ltd. announced that its board has approved an investment plan to purchase $50 million worth of Bitcoin. SOS Chairman and CEO Wang Yandai stated that the Bitcoin market is currently performing strongly and is benefiting from the launch of Bitcoin ETFs and improvements in the U.S. regulatory environment.
The announcement shows that SOS plans to adopt a quantitative trading strategy, including investment, trading, and arbitrage methods. 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.
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