Hedge Funds are Buying Coinbase and These 5 Bitcoin Stocks

3. SOS Limited (NYSE: SOS)

Number of hedge fund holders: 2

SOS Limited (NYSE: SOS) is a Shandong-based firm that is in the software as a service business. It primarily operates a cloud services company which provides marketing, data, and rescue services. It was founded in 2001 and is placed third on our list of 10 best crypto stocks to buy amid hedge fund interest. The firm is also developing a supercomputing centre in Qingdao that will focus on crypto mining in the next few years. 

On April 20, SOS announced that it made a deal for the purchase of 575 crypto mining rigs. The announcement came amid a global shortage of crypto mining equipment worldwide and resulted in a surge in the stock price of SOS. The firm said the rigs would be delivered by the end of the month. Yandai Wang, the CEO of SOS, has called blockchain a growth catalyst for the firm. 

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Springbok Capital is a leading shareholder in the firm with 27,600 shares worth more than $41,000.