SOS shares surge over 40% after announcing $50 million Bitcoin purchase plan
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According to Cointelegraph, Google Finance data shows that the stock price of SOS Ltd. (SOS) closed up nearly 43% at $9.93 on November 27, and continued to rise nearly 14.5% to $11.36 in after-hours trading. However, SOS's stock price has fallen 86.5% this year, and due to poor performance, the New York Stock Exchange (NYSE) issued a non-compliance letter to it in August. Yesterday, SOS Ltd., which is listed on the NYSE in the US, announced that its board of directors has approved a plan to invest $50 million to purchase , with the aim of strengthening its blockchain industry layout.
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