Nasdaq-listed MicroCloud Hologram plans to spend $200 million to buy derivatives of Bitcoin or digital currency-related securities

Odaily News MicroCloud Hologram Inc., a Nasdaq-listed company and holographic technology service provider, announced that it plans to raise up to $200 million to purchase Bitcoin or other digital currencies and their related securities derivatives, and incorporate these assets into its capital reserve strategy. The company currently has cash reserves of approximately $257 million, and the planned $200 million will be mainly used to invest in Bitcoin or other digital currencies with market influence and growth potential, as well as derivatives of related securities. The company said that purchasing Bitcoin or digital currency derivatives is an important measure for the company to explore and practice in the field of digital currency.