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MicroCloud Hologram Inc. Announces Plans to Purchase Derivatives on Bitcoin or Digital Currency-Related Securities of Up to $200 Million
SHENZHEN, China, Feb. 10, 2025 /PRNewswire/ -- MicroCloud Hologram Inc. (NASDAQ: HOLO), ("HOLO" or the "Company"), a technology service provider, has
About this update from Microcloud Hologram Inc.
[{"type":"text","content":"SHENZHEN, China, Feb. 10, 2025 /PRNewswire/ -- MicroCloud Hologram Inc. (NASDAQ: HOLO), (\"HOLO\" or the \"Company\"), a technology service provider, has announced a major program aimed at enhancing its practice in the digital currency space. The company plans to call upon up to $200 million to purchase bitcoin or other digital currencies and their related securities derivatives and incorporate these assets into its capital reserve strategy. This initiative not only highlights HOLO's in-depth insight and long-term bullishness on the digital currency market, but also demonstrates the company's determination to promote the convergence and application of cutting-edge technologies, such as holographic AI and quantum computing, with digital currencies.\n\nThe Company currently has cash reserves of approximately $257 million. The planned call of $200 million will be used primarily to invest in Bitcoin or other digital currencies with market impact and growth potential, as well as derivatives of related securities. These assets will be an important part of HOLO's capital reserves and will help enhance the diversity and risk tolerance of the Company's overall asset portfolio.\nThe company stated that purchasing Bitcoin or digital currency derivatives is an important measure for the company to explore and practice in the field of digital currency. Through this program, HOLO will be able to gain a deeper understanding of the operational mechanisms, price fluctuations, and investment strategies of the digital currency market, thereby accumulating valuable experience for its future business expansion and capital operations in the digital currency field.\nMeanwhile, HOLO emphasizes that this investment plan is closely linked to the company's vision of promoting comprehensive digital currency applications such as holographic AI and quantum computing. As an emerging financial tool and payment method, digital currency has unique advantages such as decentralization, high transparency, and fast transaction speed. With the continuous advancement of technology and the growing market demand, the application prospects of digital currency in various fields are becoming increasingly broad.\nHOLO believes that by investing in Bitcoin or digital currency derivatives, the company will be able to better grasp the development opportunities of the digital cu...