Chinese data miner SOS’ stock surges 100% after board approves $50 million Bitcoin investment
SOS Limited's $50 million Bitcoin investment reflects growing corporate faith in the flagship crypto's ability to serve as a reserve asset.
Track TradFi and crypto news, including banks, brokers, asset managers, and the convergence of legacy finance with digital assets.
Incoming CEO Rick Wurster emphasized readiness to capitalize on evolving regulations and anticipates significant industry impact.
Disparity between ideal inclusivity and market reality in DeFi highlighted by BIS report.
Grayscale's income strategy aims to provide stable returns through option contracts linked to Bitcoin and Ethereum.
Roughly 98% of all options are 'call' orders to buy BTC, which analysts deemed very bullish.
Goldman Sachs aims to modernize financial processes with blockchain-focused spin-off for institutional clients.
Thumzup approves a $1 million Bitcoin investment, Solidion earmarks excess cash for BTC, and Genius Group eyes a $120 million move.