MicroCloud Hologram purchases up to $200M in bitcoin, cryptocurrency

MicroCloud Hologram (HOLO) announced that they have purchased up to $200M in Bitcoin (BTC) and cryptocurrency-related securities derivatives. As of July 21, the cumulative investment income have reached $35.96M. HOLO currently holds $394M in cash reserves. The company plans to allocate these $394M reserves toward derivatives and technology development in cutting-edge fields such as Bitcoin-related blockchain, quantum computing, quantum holography, and AI-powered AR.This move marks HOLO’s further exploration and practice in the cryptocurrency sector while also demonstrating its determination and strategic vision for future business expansion. The purchased Bitcoin and its derivatives this time will be incorporated into HOLO’s capital reserve strategy, aiming to enhance the company’s financial stability and long-term growth potential through diversified investments. HOLO stated that purchasing Bitcoin and cryptocurrency derivatives is a key initiative in its exploration of the cryptocurrency market, helping it gain insights into market mechanisms, price fluctuations, and investment strategies. The company currently holds approximately $394M in cash reserves. The allocated funds of up to $200M will primarily be used to invest in Bitcoin or other cryptocurrencies with significant market influence and growth potential, as well as related securities derivatives. These assets will become a crucial part of HOLO’s financial reserves, helping to enhance the diversity and risk resilience of its overall asset portfolio.