NASDAQ listed company Mengyun Hologram plans to spend $200 million to purchase derivatives of Bitcoin or digital currency related securities

According to a report by PRNewswire, MicroCloud Hologram Inc. (NASDAQ: HOLO), a Nasdaq listed company and holographic technology service provider, announced its plan to raise up to $200 million to purchase Bitcoin or other digital currencies and their related securities derivatives, and include these assets in its capital reserve strategy. The company currently has a cash reserve of approximately $257 million, and the planned $200 million will mainly be used to invest in Bitcoin or other digital currencies with market influence and growth potential, as well as derivatives of related securities. The 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 plan, HOLO will be able to gain a deeper understanding of the operational mechanisms, price fluctuations, investment strategies, and other aspects of the digital currency market, thereby accumulating valuable experience for future business expansion and capital operations in the digital currency field.