This Public Company's Stock Price Just Doubled After Revealing Bitcoin Buying Plan
SOS Ltd. announced a plan to buy up to $50 million worth of Bitcoin on Wednesday morning. Its stock price immediately exploded.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
A 13% dividend is set to force another Bitcoin treasury company into the unthinkable: liquidating its BTC to pay cash
Strive, a Bitcoin treasury company, has retired its conventional notes, but its capital structure still carries a large senior cla...
Bitcoin Treasury Twenty One to Become ‘More Than a Treasury Company’, Says New CEO
Bitcoin Magazine Bitcoin Treasury Twenty One to Become ‘More Than a Treasury Company’, Says New CEO Bitcoin treasury Twenty One’s...
CFTC Sues Goliath Ventures Over $397 Million Crypto Ponzi Scheme
The Commodity Futures Trading Commission has charged Goliath Ventures Inc. and its CEO, Florida resident Christopher Delgado, with...
Franklin Crypto CIO Says Ethereum’s Yield-Cut Plan Is “a Solution Looking for a Problem”
The chief investment officer of Franklin Crypto has come out against a proposal to slash Ethereum’s staking rewards, saying he see...
BitMine Pushes Ethereum Treasury Past 5.8M ETH
BitMine Immersion Technologies has added another 7,391 ETH to its balance sheet, pushing its Ethereum treasury to about 5.81 milli...
Should Bitcoin Companies Build USD Reserves? Understanding The Truth
Bitcoin Magazine Should Bitcoin Companies Build USD Reserves? Understanding The Truth Strategy’s U.S. dollar reserve has reached $...