Summary: China-based SOS Limited is making tremendous and strong waves in the crypto scene and it also announced its amazing plans to drop $50 million on Bitcoin to bolster its portfolio. The publicly traded firm’s board greenlit the move, with CEO Yandai Wang calling Bitcoin a “strategic asset and global store of value.” The goal? Build a BTC reserve, expand digital investments, and ride the crypto profit wave.
Nations Eye Bitcoin Reserves Too
SOS isn’t the first to jump on the Bitcoin bandwagon. Genius Group, based in Singapore took the crypto space by storm taking up headlines earlier this month with a astonishing amount of $120 million BTC buy which they manage to follow by another $14 million to beef up its crypto stash. Over in Japan, Metaplanet and Remixpoint are also not backing down but stacking up sats, still MicroStrategy continues to lead the crypto scene with jaw dropping and such a huge amount $21 billion spent on Bitcoin starting from 2020.
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Nations Eye Bitcoin Reserves Too
It’s not just institutions, corporate companies neither just big organizations but even official government bodies are vibing with Bitcoin. Donald Trump who’s current president elect from United States is planning on making a bitcoin reserve and is planning to make The United States of America into a pro-crypto country. Could this be the next big crypto move? With policies potentially dropping by 2025, it looks like Bitcoin is stepping out of the shadows and into the mainstream spotlight. 🚀
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