Nasdaq listed company Mengyun Holographic intends to spend $200 million to purchase derivatives of Bitcoin or digital currency-related securities

PANews February 10th news, according to PR News Agency, MicroCloud Hologram Inc. (NASDAQ: HOLO), a listed company and holographic technology service provider, announced that it plans to raise up to $200 million. Funds purchase Bitcoin or other digital currencies and their related securities derivatives and incorporate these assets into their capital reserve strategies. The company currently has a cash reserve of approximately US$257 million, and the US$200 million planned to be called will be mainly used to invest in Bitcoin or other digital currencies with market influence and growth potential, as well as derivatives of related securities. The company said 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 plan, HOLO will be able to have a deeper understanding of the operating mechanism, price fluctuations, investment strategies, etc. of the digital currency market, thereby accumulating valuable experience for future business expansion and capital operation in the digital currency field.