Chinese firm SOS to buy up to $50 million worth of Bitcoin

Publicly-listed Chinese firm SOS Limited has unveiled its plans to strength its global crypto investment strategy with a $50 million allocation into Bitcoin (BTC).

SOS said it believes in potential of Bitcoin as a store of value and a strategic asset. Though it highlighted that the price of Bitcoin now trades at an average price of $93,000 per coin, the favorable US Policy shift is driving its appeal toward the coin.

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