NASDAQ-listed company Mengyun Holography plans to invest $200 million to purchase derivatives of BTC or Digital Money-related securities

PANews reported on February 10th that MicroCloud Hologram Inc. (NASDAQ: HOLO), a Nasdaq-listed company and a holographic technology service provider, announced its plan to raise up to $200 million to purchase BTC or other Digital Money and their related Derivatives, and incorporate these assets into its capital reserve strategy. The company currently has a cash reserve of approximately $257 million, and the planned $200 million will be mainly used to invest in BTC or other Digital Money with market influence and rise potential, as well as the Derivatives of related securities. The company stated that the purchase of BTC or Digital Money Derivatives is an important move for the company to explore and practice in the field of Digital Money. Through this plan, HOLO will be able to gain deeper insights into the operation mechanism, price Fluctuation, investment strategies, etc. of the Digital Money market, thereby accumulating valuable experience for future business expansion and capital operation in the field of Digital Money.