SOS: Publicly Traded Chinese Company Plans to Buy $50M Worth of Bitcoin
Following the leading crypto’s skyrocketing value throughout this year, a publicly traded Chinese company, SOS, is planning to buy $50 million worth of Bitcoin. Indeed, the company is set to “strengthen global crypto investment” strategies through the acquisition of the digital asset. Similar BTC purchasing plans have been transformative for companies like MicroStrategy (MSTR). The Michael Saylor-led firm has made its acquisition plan of the leading cryptocurrency a vital part of its operations. Moreover, it only added to that this week, when it purchased another $5.4 billion worth of the asset. JUST IN: Publicly traded Chinese company SOS plans to purchase up to $50 million worth of #Bitcoin. — Watcher.Guru (@WatcherGuru) November 27, 2024 Also Read: Can Bitcoin Reach $100k in November 2024? SOS Becomes Latest Company to Introduce Bitcoin Acquisition Plan There is no denying that 2024 has been the biggest year for crypto yet. Moreover, Bitcoin has seemingly been the rising tide t...