SOS board of directors approves $50 million worth of Bitcoin purchase plan

Odaily News SOS Ltd., listed on the New York Stock Exchange, announced that its board of directors has approved a plan to invest $50 million to purchase Bitcoin (BTC) in order to strengthen its blockchain industry layout. SOS said that the plan not only reflects its long-term confidence in Bitcoin as a strategic reserve asset, but also hopes to optimize its investment portfolio and enhance the company's competitiveness in the digital asset field. SOS will adopt a diversified quantitative trading strategy, including investment, trading and arbitrage, to reduce market volatility risks and achieve stable returns.