MicroCloud Hologram (HOLO) announced that the company’s investment capped at $200M in Bitcoin (BTC) and cryptocurrency-related securities derivatives, has achieved cumulative investment returns of $40.45M to date. HOLO currently holds a cash reserve of $421M. The company plans to put its $421M cash reserve into derivatives and technology development in cutting-edge fields such as Bitcoin-related blockchain, quantum computing, quantum holography, and artificial intelligence AR. This time’s allocated funds, not exceeding $200M, are primarily used for investing in Bitcoin or other cryptocurrencies with market influence and growth potential, as well as related securities derivatives. The realization of these investment returns not only validates the company’s precise judgment of digital asset value but also provides solid financial support for its technology research and development and business expansion.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HOLO:
- MicroCloud Hologram (HOLO) Puts $200M Into Bitcoin Strategy, Reveals Quantum Protocol Breakthrough
- Morning News Wrap-Up: Tuesday’s Biggest Stock Market Stories!
- MicroCloud Hologram purchases up to $200M in bitcoin, cryptocurrency
- MicroCloud purchases up to $200M in crypto-related securities derivatives
- MicroCloud Hologram files $300M mixed securities shelf
