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🇨🇳 Chinese Company SOS Buys $50 Million Bitcoin, Stock Jumps 100%
Chart: SOS Limited Stock Price on Wednesday, November 27. Source: TradingView
Chinese data mining firm SOS Limited invests $50M in Bitcoin, stock surges 100%. Follows MicroStrategy's $5.4B purchase and Marathon Digital's $1B raise. BTC recovered to $96,000 after a brief dip below $91,000.
💡 Quick Take: Similar corporate purchases historically preceded 10-15% BTC rallies. Watch for copycat moves from other Asian companies. Consider exposure to mining stocks showing correlation with BTC. Monitor $91,000 as crucial support level.
Read all details here 👈
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