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What is the primary reason for SOS Limited's Bitcoin purchase strategy by March 31, 2025?
2
Resolution / Starting Odds
Diversification of assets • 25%
Speculative investment • 25%
Hedging against inflation • 25%
Other strategic reasons • 25%
Official statements or interviews from SOS Limited executives, financial reports
Story
SOS Limited ($SOS) Shares Jump 20% After Board Approves $50 Million Bitcoin Purchase
Nov 27, 2024, 02:28 PM
Chinese publicly traded company SOS Limited ($SOS) has announced plans to purchase up to $50 million worth of Bitcoin, aiming to strengthen its global crypto investment strategy. The company's board has approved the plan, reflecting SOS's continued expansion into the cryptocurrency space by adding significant digital assets to its balance sheet. Following the announcement, SOS shares rose 20% in pre-market trading. This move demonstrates the company's confidence in Bitcoin's future as a strategic global asset amid the cryptocurrency's recent price gains.
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Increase holdings • 25%
Decrease holdings • 25%
Maintain current holdings • 25%
Diversify into other cryptocurrencies • 25%
Holding • 25%
Selling • 25%
Pledging as collateral • 25%
Other • 25%
Yes • 50%
No • 50%
Security breach • 25%
Regulatory pressure • 25%
Financial insolvency • 25%
Other • 25%
Increases BTC holdings • 25%
Decreases BTC holdings • 25%
Maintains current BTC holdings • 25%
Liquidates all BTC holdings • 25%
Yes • 50%
No • 50%
Inflation hedge • 25%
Portfolio diversification • 25%
Speculative investment • 25%
Other • 25%
Continue aggressive acquisitions • 25%
Maintain current holdings • 25%
Reduce Bitcoin holdings • 25%
Sell all Bitcoin holdings • 25%