Nasdaq-listed company Allied Cloud Hologram plans to spend $200 million to buy derivatives of bitcoin or digital currency-related securities
2025-02-10 13:40:29
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Nasdaq-listed holographic technology service provider MicroCloud Hologram Inc. (NASDAQ: HOLO) announced that it plans to raise up to $200 million to purchase bitcoin or other digital currencies and their related securities derivatives, and to include these assets in its capital reserve strategy. The company currently has a cash reserve of about $257 million, and the planned $200 million will be primarily used to invest in bitcoin or other digital currencies with market impact and growth potential, as well as derivatives of related securities.
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