Chinese Concept Stock SOS Announces $50 Million Bitcoin Purchase, Stock Price Soars 98.71%

BlockBeats News, November 27th, according to official sources, Chinese concept stock listed company SOS Ltd. announced that its board of directors has approved a plan to invest $50 million to purchase Bitcoin (BTC), in order to maximize returns and reduce market volatility, SOS plans to adopt various quantitative trading strategies, including investment, trading, and arbitrage strategies.

Reportedly, SOS Ltd. is a diversified company engaged in blockchain, cryptocurrency operations, and commodity trading.

According to market data, SOS's stock price surged by 98.71%, currently trading at $13.81.

Source

Correction/Report

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Chinese Concept Stock SOS Announces $50 Million Bitcoin Purchase, Stock Price Soars 98.71%

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