tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

WiMi Hologram Cloud reports cash, cash equivalents reach $455M

WiMi Hologram Cloud (WIMI) announced a significant improvement in its operating performance, with a notable increase in cash reserves. As of August 7, 2025, the Company’s total cash, cash equivalents, and short-term investments – including total cash and Bitcoin-related securities derivatives and short-term investments – reached approximately RMB 3.266B. Among these, bank cash alone amounted to approximately RMB 1.741B, while Bitcoin-related securities derivatives and short-term investments totaled approximately RMB 1.525B. The Company plans to allocate USD 450 million in investments toward quantum technology and holographic technology applications, while increasing capital deployment in blockchain and Bitcoin-related cryptocurrency applications. WiMi’s financial model in emerging technology sectors has shown solid performance, with cash reserves continuing to grow. This milestone financial achievement clearly demonstrates the successful execution of the Company’s efficient operational strategies and the strength of its management capabilities.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1