{"id":3374,"date":"2024-11-27T15:17:00","date_gmt":"2024-11-27T15:17:00","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=3374"},"modified":"2024-11-27T15:17:00","modified_gmt":"2024-11-27T15:17:00","slug":"sos-stock-soars-as-company-plans-50m-bitcoin-purchase","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=3374","title":{"rendered":"SOS Stock Soars As Company Plans $50M Bitcoin Purchase"},"content":{"rendered":"<div>\n<p><strong>SOS Limited<\/strong> (NYSE:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/SOS#NYSE\">SOS<\/a>) shares are trading higher Wednesday after the company announced its board approved a plan to purchase up to <a href=\"https:\/\/www.benzinga.com\/pressreleases\/24\/11\/n42213935\/sos-announces-plans-to-strengthen-global-crypto-investment-strategy-and-purchase-up-to-50-million-\">$50 million of <strong>Bitcoin<\/strong> (CRYPTO: <\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>).<\/p>\n<p><strong>What Happened:<\/strong> SOS\u2019s board approved a global crypto investment strategy that involves investing $50 million to buy bitcoin. The initiative underscores the company\u2019s commitment to advancing its blockchain business. <\/p>\n<p>SOS noted that its investment strategy aligns with a more favorable U.S. regulatory environment for crypto and growing institutional support for\u00a0bitcoin. The company plans to use a variety of quantitative trading strategies to manage its bitcoin holdings, designed to &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/24\/11\/42215457\/sos-stock-soars-as-company-plans-50m-bitcoin-purchase\" alt=\"SOS\" stock soars as company plans bitcoin purchase>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>SOS Limited (NYSE:SOS) shares are trading higher Wednesday after the company announced its board approved a plan to purchase up to $50 million of Bitcoin (CRYPTO: BTC). What Happened: SOS\u2019s board approved a global crypto investment strategy that involves investing $50 million to buy bitcoin. The initiative underscores the company\u2019s commitment to advancing its blockchain [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-3374","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3374","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3374"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3374\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}