??Chinese Firm SOS Limited Announces $50 Million Bitcoin Investment

??Chinese Firm SOS Limited Announces $50 Million Bitcoin Investment

Chinese firm SOS Limited has approved a $50 million Bitcoin investment as part of its strategy to strengthen competitiveness in the digital asset sector. This move aligns with the company’s vision of Bitcoin as a global strategic reserve asset amid growing institutional interest.

Key Points

  • Investment Approval: SOS Limited’s Board of Directors greenlit a $50 million Bitcoin acquisition on November 27, 2024.
  • CEO’s Perspective: CEO Yandai Wang highlighted Bitcoin's robust market performance and the favourable U.S. regulatory environment as factors for the investment.
  • Strategic Vision: The company views Bitcoin as a critical global reserve asset and aims to enhance its profitability in the crypto space.

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