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Shenzhen China-based MicroCloud Hologram Inc. (HOLO) has announced on Friday an investment of up to $200 million in Bitcoin (BTC) and cryptocurrency-related derivatives.
The company, which operates in emerging tech services, said it will be utilizing its sizable cash reserves to diversify its holdings. It first announced plans to make a $200 million investment in Bitcoin-linked derivatives last month.
The latest development sent MicroCloud Hologram stock 25.2% higher on Friday morning. The news comes on the heels of Bitcoin’s (BTC) price surging to a record high, climbing past the $118,000 mark. At the time of writing, BTC had pared some losses, trading at $117,930
As of July 11, HOLO reported cumulative investment income of $34.02 million from its cryptocurrency-related activities.
The firm’s total cash holdings stand at approximately $394 million, which it plans to channel into advanced technology areas, including blockchain, artificial intelligence-based augmented reality, quantum computing, and quantum holography.
The $200 million investment in Bitcoin and associated securities derivatives forms a key part of HOLO’s financial reserve strategy. By integrating cryptocurrency into its balance sheet, the company aims to boost stability and broaden the risk profile of its overall asset base.
Through these investments, HOLO intends to gain deeper insights into crypto price dynamics and develop effective investment tactics for future growth.
The firm sees this as a pathway to sharpen its capital management skills while positioning itself as an ambitious player in the fintech and blockchain ecosystem.
On Stocktwits, retail sentiment around MicroCloud Hologram remained in ‘extremely bullish’ territory amid ‘extremely high’ message volume levels.
MicroCloud Hologram stock has lost over 96% year-to-date and over 98% in the last 12 months.
MicroCloud offers a suite of holographic technology services, including advanced LiDAR solutions built on holography, proprietary point cloud algorithm architecture, specialized LiDAR sensor chip designs, and intelligent vision technology for vehicles.
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