TechFlow news, February 10 — According to PR Newswire, NASDAQ-listed holographic technology service provider MicroCloud Hologram Inc. (NASDAQ: HOLO) announced its plan 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 holds approximately $257 million in cash reserves. Of this, the planned deployment of $200 million will primarily target investments in Bitcoin or other digital currencies with market influence and growth potential, as well as derivatives of related securities. The company stated that acquiring Bitcoin or digital currency derivatives represents a significant step in its exploration and practice within the digital currency sector. Through this initiative, HOLO aims to gain deeper insights into the operational mechanisms, price fluctuations, and investment strategies of the digital currency market, thereby accumulating valuable experience for future business expansion and capital operations in the digital currency domain.
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