Author: Nancy, PANews

The strategy of incorporating Bitcoin into reserve assets is gaining popularity worldwide. Recently, SOS Ltd. (SOS) listed on the New York Stock Exchange announced it would purchase $50 million worth of Bitcoin, causing its stock price to surge immediately after the announcement. Meanwhile, as Bitcoin's market recognition continues to rise, several domestic listed companies have begun to include Bitcoin in their reserve assets. This strategy not only optimizes the company's asset structure and brings additional revenue but also significantly drives up stock prices.

Announces $50 million Bitcoin investment plan, has been involved in crypto mining for years

On November 27, SOS announced that its board of directors had approved a plan to invest $50 million in Bitcoin. SOS believes this move emphasizes the company's commitment to advancing its blockchain industry and solidifies its long-term belief in Bitcoin as a store of value and strategic asset, further enhancing the company's overall competitiveness and profitability in the digital asset investment field.

After the announcement, SOS's stock price opened at a high of $15.11 before retreating, still achieving a rise of 42.88%. According to official information, SOS provides digital technology services for industries such as emergency rescue, big data marketing, international trade, and digital assets through core technologies like AI, blockchain, satellite communication, and big data, offering clients a one-stop digital solution. Additionally, SOS is a multi-faceted company engaged in Bitcoin, cryptocurrency business, and commodity trading, including cryptocurrency mining, with potential future expansions into cryptocurrency security and insurance.

In fact, SOS has been laying out its crypto mining business for years. For instance, as early as 2020, SOS announced it spent about $20 million to procure 14,238 Bitcoin mining machines and 1,408 Ethereum mining machines, expecting to generate daily revenue of $206,000 at that time. In 2023, SOS announced the launch of over 5,000 self-owned mining machines at its Texas hosting center and has signed a hosting agreement with Bitmain, with a total of 6,000 hosted machines, set to last until August 20, 2025.

Regarding this Bitcoin investment plan, SOS explained in the announcement that Bitcoin has reached a historic high and continues to attract global investor attention. Bitcoin is not only an important component of the digital asset ecosystem but also has the potential to become one of the global strategic reserve assets. Coupled with the positive dynamics in the current cryptocurrency market, including the U.S. policy environment's more favorable stance towards digital assets and major financial institutions' preference for Bitcoin, SOS is committed to delivering long-term value to shareholders and investors through continuous investment and technological innovation while actively supporting the sustainable development of the global digital economy.

To maximize investment returns and reduce market volatility risks, SOS plans to adopt various quantitative trading strategies, including investment, trading, and arbitrage strategies, to help the company achieve stable returns in the current market environment while further optimizing its investment portfolio over time.

Multiple Hong Kong-listed companies scoop up Bitcoin: Long-term layout yields substantial profits, short-term entry sees stock price surge

Since the second half of this year, an increasing number of listed companies worldwide have actively incorporated Bitcoin into their asset allocation, especially in the U.S. and Japan, where many listed companies have announced related plans aimed at optimizing financial structures and achieving asset appreciation, while also promoting the widespread application and popularization of crypto assets.

In addition to SOS, several Chinese listed companies have also shown strong interest and active participation. From the Bitcoin holdings of the five Hong Kong-listed companies discussed below, some companies have profited significantly from years of layout, but their stock prices have not seen significant increases this year. Conversely, some companies that announced Bitcoin investment plans this year experienced notable stock price surges after making substantial Bitcoin purchases.

Meitu: Bitcoin holdings have yielded over $40 million in profits

Meitu invested in crypto assets as early as 2021 and has not made any additional purchases or sales since then. According to BitcoinTreasuries.com, as of November 28, Meitu holds 941 Bitcoins, currently valued at over $89.98 million. Based on a cost price of $52,611, Meitu has realized a profit of over $40.47 million. Meitu disclosed last year that the company would consider selling cryptocurrencies at an appropriate time, but currently has no specific disposal plans.

Market data shows that Meitu's stock price has not experienced a sustained upward trend this year, having fallen over 21.9% since the beginning of the year.

Boyaa Interactive: Holds over 2,460 Bitcoins, stock price has surged over 750% this year

Boyaa Interactive is one of the largest listed companies in Asia by Bitcoin holdings. Market data shows that Boyaa Interactive's stock price has risen by 753.45% this year, reaching a new high since October 2016.

According to a recent announcement from Boyaa Interactive, the company holds a total of 2,641 Bitcoins and 15,445 Ethereum, with a total cost of approximately $143 million, meaning the average cost per Bitcoin is $54,027 and per Ethereum is $2,756. Based on the latest prices as of November 28, Boyaa Interactive has realized a profit of over $165 million.

Guofu Innovation: Purchased Bitcoin worth HKD 36 million within six months, stock price peaked at over 134% increase

After Guofu Innovation publicly announced its cryptocurrency investment plan, this Hong Kong-listed company purchased Bitcoin worth approximately HKD 36 million in the open market between March and August. Market data shows that since the announcement in March, Guofu Innovation's stock price has peaked with an increase of about 134.7%.

NetDragon: Holds crypto assets for at least three years, has profited HKD 51 million

Hong Kong-listed NetDragon Websoft is a global online and mobile internet education company that leverages its technology and operational knowledge in mobile internet to create an innovative educational ecosystem. As early as its 2021 annual report, NetDragon disclosed it held cryptocurrencies worth HKD 127 million, although the company faced losses of several tens of millions in the following years. The 2024 interim report shows that the company sold cryptocurrencies worth HKD 290 million in the first half of this year, realizing a profit of HKD 51 million.

Market data indicates that NetDragon's stock price has fallen by 19.6% since the beginning of the year, with only a brief upward trend.

Coolpad Group: BlackRock's IBIT holdings have yielded approximately $2.2 million in profits

Coolpad Group invested tens of millions of dollars in crypto assets this year. In addition to purchasing shares in crypto mining companies, the company also invested approximately $4.03 million in 113,000 shares of BlackRock's IBIT, with a share price of about $35.64. Based on IBIT's latest price of $55.03, Coolpad has realized a profit of $2.191 million. Notably, Coolpad's announcement in October indicated that the company would continue to remain suspended from trading.

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