Google Finance data shows that SOS Ltd. (SOS) closed up nearly 43% to $9.93 on November 27th, with a further pump of nearly 14.5% to $11.36 in after-hours trading. However, SOS's stock price has plummeted 86.5% this year, and due to poor performance, the New York Stock Exchange (NYSE) issued a Compliance letter to it in August. (Cointelegraph) Yesterday, SOS Ltd., listed on the New York Stock Exchange, announced that its board of directors has approved a plan to invest $50 million to purchase BTC (BTC), aiming to strengthen its blockchain industry layout.

According to official sources, SOS Ltd., listed on the New York Stock Exchange, announced that its board of directors has approved a plan to invest $50 million in the purchase of BTC (BTC) to strengthen its blockchain industry layout. SOS stated that the plan not only reflects long-term confidence in BTC as a strategic reserve asset, but also aims to optimize the investment portfolio and enhance the company's competitiveness in the digital asset field. SOS will adopt a diversified quantitative trading strategy, including investment, trading, and arbitrage, to mitigate market fluctuations and achieve stable returns.

At the opening of the US stock market, the stock price of SOS Ltd. reached $10.24 per share, with a 54.68% increase, and a total market capitalization of nearly $14.16 million.

Jinse Finance reported that SOS Limited released its financial performance report for the fiscal year 2022. The report shows that revenue will drop from US$290.9 million in 2021 to US$260.1 million in 2022, a decrease of 11.8%. As of December 31, 2022, SOS focuses on In four major product lines and services, including commodity trading, insurance marketing, cryptocurrency mining, etc. As of December 31, 2022, 174.28 BTC and 2,949.79 ETH have been mined from its mining pool. As the price of BTC fluctuated from $47,687 on January 1, 2022 to $16,548 on December 31, 2022, the revenue from cryptocurrency mining dropped significantly from $15.4 million to $300,000.