The listed company Mengyun Hologram plans to invest 200 million USD to purchase Bitcoin or derivatives related to digital currency securities
ChainCatcher news, according to a press release, Nasdaq-listed company and holographic technology service provider MicroCloud Hologram Inc. announced that the company plans to raise up to $200 million to purchase Bitcoin or other digital currencies and their related securities derivatives, incorporating these assets into its capital reserve strategy.The company currently has cash reserves of approximately $257 million, and the $200 million it plans to deploy will primarily be used to invest in Bitcoin or other digital currencies with market influence and growth potential, as well as related securities derivatives. The company stated that purchasing Bitcoin or digital currency derivatives is an important initiative for exploring and practicing in the digital currency field.Through this plan, HOLO will be able to gain a deeper understanding of the operational mechanisms, price fluctuations, investment strategies, and more in the digital currency market, thereby accumulating valuable experience for future business expansion and capital operations in the digital currency sector.