Chinese company SOS, which is publicly-listed, has announced its intent to invest $50 million into Bitcoin (BTC). This move is part of its broader strategy to enhance its participation in the global crypto investment landscape.
The investment aims to deepen SOS's involvement in blockchain, cryptocurrency, and commodities trading. Approval from the Board of Directors has been secured, marking a significant step in its strategic expansion plan.
This development underscores the increasing interest of Chinese firms in cryptocurrency, particularly in Bitcoin, as a vital component of their investment portfolios.