After SOS announced a plan to invest $50 million in Bitcoin, its stock price rose by over 40%

ChainCatcher news, according to Cointelegraph, Google Finance data shows that the stock price of SOS Ltd. (SOS) closed on November 27 up nearly 43% to $9.93, and continued to rise nearly 14.5% in after-hours trading to $11.36.

However, the stock price of SOS 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's news, SOS Ltd., listed on the New York Stock Exchange, announced that its board has approved a plan to invest $50 million in purchasing Bitcoin (BTC) to strengthen its blockchain industry layout.