MicroCloud purchases up to $200M in bitcoin, crypto-related derivatives

MicroCloud Hologram (HOLO) has purchased up to $200M in Bitcoin and cryptocurrency-related securities derivatives. As of July 11, the cumulative investment income have reached $34.02M. 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. 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. Through this plan, HOLO seeks to accumulate valuable experience for future business expansion and capital operations in the cryptocurrency sector. 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. Meanwhile, HOLO also announced that its cumulative investment income has now reached $34.02M.