Company Market News

SOS Limited (NYSE: SOS)
8:10 PM UTC, 06/20/25
Last: $5.76 Change: -0.10 %Change: -1.71% Volume: 9,070
SOS to Buy Up to $50 Million in Bitcoin

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Last updated: 11/27/2024 10:18:51 AM

10:18 AM EST, 11/27/2024 (MT Newswires) -- SOS Ltd. (SOS) said Wednesday it plans to invest $50 million to buy Bitcoin.

The decision comes as Bitcoin hovers near $93,000 per coin, with forecasts indicating it could surpass $100,000 by year-end, the company said, adding that it will use quantitative strategies like trading, investing and arbitrage to maximize returns and manage volatility.

Shares of SOS rose more than 60% in recent trading activity.

Price: 11.13, Change: +4.18, Percent Change: +60.14

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