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SOS shares surge more than 40% after announcing plans to spend $50 million on Bitcoin
2024-11-28 02:45:36
Odaily News Google Finance data shows that SOS Ltd. (SOS) shares closed up nearly 43% to $9.93 on November 27, and continued to rise nearly 14.5% to $11.36 in after-hours trading. However, SOS shares have fallen 86.5% this year, and due to poor performance, the New York Stock Exchange (NYSE) sent it a non-compliance letter in August. (Cointelegraph) Yesterday, 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.