SOS Limited
Bitcoin Holdings
SOS Limited held bitcoin since December 31, 2023.
- BTC balance
- 675.6$70.57M
- Avg. cost / BTC
- N/A
- Profit / Loss
- N/A
Stock & Financials
SOS Limited is trading under the ticker SOS.
- Share price
- $5.89
- Market cap
- $17.1M
- Enterprise value
- $1.14B
- NAV multiple
- 0.242
- BTC / Market cap
- 413.7%
About SOS Limited
SOS Limited (NYSE: SOS) is a publicly traded company headquartered in Qingdao, China, with a diverse business model spanning marketing data, technology solutions, and emergency rescue services. In recent years, SOS has pivoted towards the digital asset sector, particularly focusing on cryptocurrency mining and blockchain technology. This strategic shift reflects the company’s ambition to become a significant player in the global digital economy, leveraging its expertise in supercomputing and data processing to support its crypto operations.
The company’s Bitcoin strategy is both bold and multifaceted. Rather than simply accumulating Bitcoin as a reserve asset, SOS has adopted a sophisticated approach that includes investing, trading, and arbitrage strategies. This signals a commitment to not only holding Bitcoin but also actively managing its digital asset portfolio to maximize returns. The move aligns with a broader trend among Chinese and international firms seeking to diversify their treasury holdings and hedge against macroeconomic uncertainties by adding Bitcoin to their balance sheets.
SOS Limited’s entry into the Bitcoin space is significant given the evolving regulatory landscape in China and the increasing institutional adoption of Bitcoin worldwide. By integrating Bitcoin into its corporate treasury, SOS is positioning itself at the forefront of digital asset innovation among Chinese public companies. This not only enhances its market profile but also signals confidence in Bitcoin’s long-term value proposition as a store of value and strategic asset.
Recent Developments
- December 31, 2023: SOS Limited reported the addition of 675.65 BTC to its holdings, as disclosed in its financial statement filed with the SEC. This substantial acquisition underscores the company’s commitment to building a robust Bitcoin reserve and reflects its confidence in the asset’s future potential [sec.gov].
- November 2024: SOS unveiled plans for a $50 million Bitcoin investment, aiming to further strengthen its position as a major Bitcoin holder. The company’s strategy involves a blend of investing, trading, and arbitrage, indicating a move beyond simple accumulation. This initiative comes as Bitcoin traded near all-time highs, highlighting SOS’s intent to capitalize on favorable market conditions [stocktitan.net] [crypto.news].
- Operational Expansion: SOS has continued to invest in its supercomputing infrastructure, particularly in the United States, to support its growing cryptocurrency mining and trading activities. This expansion is designed to provide the technical backbone necessary for large-scale Bitcoin operations [prnewswire.com].
SOS Limited’s ongoing commitment to Bitcoin, combined with its strategic investments and operational enhancements, positions the company as a noteworthy participant in the global Bitcoin ecosystem. As the digital asset landscape continues to evolve, SOS’s approach will be closely watched by investors and industry observers alike.
SOS Limited — Bitcoin Holdings Over Time
Balance Sheet History
Click on each row for more details.
675.6 | +675.6 | $42,509 | $69.00 |
- Date
- BTC Balance
- 675.65
- Cost Basis
- None provided
- Sources
- Submitted By:Â
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