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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
All three major U.S. stock indexes closed higher, with bank stocks performing strongly.
The Dow Jones Index closed up by 497.58 points, with both the S&P 500 and Nasdaq also rising.
The US Dollar Index fell 0.43% on the 10th.
The U.S. budget deficit for November was $173 billion.
Trending news
MoreCrypto prices
More
