5 Best Cryptocurrency Stocks to Invest in 2021

2. SOS Limited (NYSE: SOS)

Number of Hedge Fund Holders: 6  

SOS Limited (NYSE: SOS) is a Chinese information technology company that markets data mining and analysis services. The firm is famous for owning a cloud emergency rescue service software that offers medical, auto, and financial rescue services. In early May, the company reported a more than 330% increase in fiscal year revenue. It is ranked second on our list of 12 best cryptocurrency stocks to invest in 2021.

In April, SOS Limited (NYSE: SOS) had signed an agreement to purchase 575 cryptocurrency mining rigs. CEO Yandai Wang has previously said that the firm expects crypto to be a vital part of the business growth strategy in 2021 and beyond. SOS plans to mine Ethereum, the second most popular cryptocurrency, using the rigs. 

At the end of the first quarter of 2021, 6 hedge funds in the database of Insider Monkey held stakes worth $2.5 million in SOS Limited (NYSE: SOS).