Nasdaq-listed company, Mengyun Holographics, plans to invest 200 million US dollars in purchasing Bitcoin or derivatives related to digital currency securities
The NASDAQ-listed company and holographic technology service provider, MicroCloud Hologram Inc. (NASDAQ: HOLO), announced that the company plans to raise up to $200 million in funds to purchase Bitcoin or other digital currencies and their related securities derivatives, and include these assets in its capital reserve strategy. The company currently has a cash reserve of approximately $257 million, and the planned $200 million will be mainly used for investing in Bitcoin or other digital currencies with market influence and growth potential, as well as related securities derivatives.
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