SOS Limited (SOS -7.5%) stock drops, losing some of the 17% jump it made since Equitec Proprietary Markets disclosed adding to its stake in the China-based cryptocurrency miner in Q4 2021. On Jan. 31, 2022, Equitec Proprietary said it held 2.25M shares of SOS (NYSE:SOS) as of Dec. 31, 2021, up from the 61K shares it held on Sept. 30, 2021. Wednesday's decline likely also reflects softening in bitcoin (BTC-USD), which is down 2.5% to $37.5K in midafternoon trading. When looking at SOS's (SOS), one-year performance, the stock started lagging bitcoin (BTC-USD) in late July 2021 as seen in this graph. In June, SOS (SOS) accelerated its blockchain operations plans for the U.S. after Chinese regulators started cracking down on crypto mining.
Top Altcoins to Buy this Crypto Market Crash
