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Chinese data miner SOS’ stock surges 100% after board approves $50 million Bitcoin investment – TON BOT

Chinese data miner SOS’ stock surges 100% after board approves $50 million Bitcoin investment

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SOS Limited, a Chinese data mining and technology company, approved a $50 million Bitcoin investment to diversify assets and capitalize on its growing importance. The company plans to use various strategies for the investment. Following the announcement, its shares surged nearly 100%. Other firms, like MicroStrategy and Marathon Digital, have also made significant Bitcoin acquisitions, indicating confidence in its long-term potential. SOS Limited believes in Bitcoin’s transformative opportunities and its role as a global reserve asset. This trend reflects a broader shift towards mainstream adoption of cryptocurrencies in financial portfolios and corporate strategies.

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