1. Home
  2. Bitcoin
  3. SOS Ltd to jump on Bitcoin bandwagon with $50M purchase, stock pops 40%
SOS Ltd to jump on Bitcoin bandwagon with M purchase, stock pops 40%
Bitcoin
BTC
buy
Coin Telegraph
News
sos limited
sos ltd
0

SOS Ltd to jump on Bitcoin bandwagon with $50M purchase, stock pops 40%

0
SOS Ltd to jump on Bitcoin bandwagon with M purchase, stock pops 40%
now viewing

SOS Ltd to jump on Bitcoin bandwagon with $50M purchase, stock pops 40%

Bitcoin Hasn’t Yet Reached Parabolic Phase, According to Trader That Called 2021 Crypto Collapse
now playing

Bitcoin Hasn’t Yet Reached Parabolic Phase, According to Trader That Called 2021 Crypto Collapse

Data Analytics and AI Firm Raises Billion, Has No Plans for an Imminent IPO
now playing

Data Analytics and AI Firm Raises $5 Billion, Has No Plans for an Imminent IPO

Beyond Blockchain – Top Companies Building on the Telegram Mini App Ecosystem
now playing

Beyond Blockchain – Top Companies Building on the Telegram Mini App Ecosystem

FBI Sting Reveals Bitcoin Scheme Behind Counterfeit Goods Network
now playing

FBI Sting Reveals Bitcoin Scheme Behind Counterfeit Goods Network

Marathon Digital acquires 6,474 Bitcoin, reveals 0M in cash for future dip purchases
now playing

Marathon Digital acquires 6,474 Bitcoin, reveals $160M in cash for future dip purchases

Russia Approves Crypto Tax Law, Redefining Digital Currency Rules
now playing

Russia Approves Crypto Tax Law, Redefining Digital Currency Rules

Huge ‘screw-up’ — Pump Science apologizes after flood of fraud tokens
now playing

Huge ‘screw-up’ — Pump Science apologizes after flood of fraud tokens

Ripple Drops M to Champion Crypto-Friendly Policies
now playing

Ripple Drops $25M to Champion Crypto-Friendly Policies

Ethereum Explodes With 10% Gain—Is Altcoin Season About to Ignite?
now playing

Ethereum Explodes With 10% Gain—Is Altcoin Season About to Ignite?

JPMorgan Chase Declared World’s Most ‘Too Big To Fail’ Bank As Bank of America’s Global Systemic Importance Drops: Report
now playing

JPMorgan Chase Declared World’s Most ‘Too Big To Fail’ Bank As Bank of America’s Global Systemic Importance Drops: Report

Source: Coin Telegraph

China-based SOS, which operates a US-based Bitcoin mine, plans to buy $50 million worth of Bitcoin. 

Shares in the China-based financial services conglomerate SOS Ltd jumped over 40% after pledging to buy $50 million worth of Bitcoin — the latest in a string of firms to buy up the rallying cryptocurrency.

The company, which operates a Bitcoin (BTC) mining facility in Wisconsin, said on Nov. 27 that its board of directors approved the $50 million purchase as part of its “long-term belief in Bitcoin’s role as a store of value and a strategic asset.” 

It plans to use “investing, trading and arbitrage strategies” with its Bitcoin buys to “maximize returns and mitigate market volatility.”

Read more

Go to Source
Author: Jesse Coghlan

Related posts:

  1. Jack Dorsey’s Block to use 10% of Bitcoin profit to buy BTC every month
  2. Just another bubble? Bitcoin price tops follow Chinese debt cycles, new research shows
  3. Over 50% of US hedge funds have exposure to Bitcoin as BTC crushes stocks in 2024
  4. ‘There is a global race underway for Bitcoin’ — Anthony Pompliano
Coin Telegraph
Related Posts
Bitcoin Hasn’t Yet Reached Parabolic Phase, According to Trader That Called 2021 Crypto Collapse

Bitcoin Hasn’t Yet Reached Parabolic Phase, According to Trader That Called 2021 Crypto Collapse

The Daily Hodl 0
Data Analytics and AI Firm Raises Billion, Has No Plans for an Imminent IPO

Data Analytics and AI Firm Raises $5 Billion, Has No Plans for an Imminent IPO

Bitcoin.com 0
Beyond Blockchain – Top Companies Building on the Telegram Mini App Ecosystem

Beyond Blockchain – Top Companies Building on the Telegram Mini App Ecosystem

The Daily Hodl 0
WordPress Theme by cactus.com
Close

Share this video