MicroCloud Hologram Inc. Announces Plans to Purchase Derivatives on Bitcoin or Digital Currency-Related Securities of Up to $200 Million
SHENZHEN, China, Feb. 10, 2025 /PRNewswire/ -- MicroCloud Hologram Inc. (NASDAQ:HOLO), ("HOLO" or the "Company"), a technology service provider, has announced a major program aimed at enhancing its practice in the digital currency space. The company plans to call upon up to $200 million to purchase bitcoin or other digital currencies and their related securities derivatives and incorporate these assets into its capital reserve strategy. This initiative not only highlights HOLO's in-depth insight and long-term bullishness on the digital currency market, but also demonstrates the company's determination to promote the convergence and application of cutting-edge technologies, such as holographic AI and quantum computing, with digital currencies.
The Company currently has cash reserves of approximately $257 million. The planned call of $200 million will be used primarily to invest in Bitcoin or other digital currencies with market impact and growth potential, as well as derivatives of related securities. These assets will be an important part of HOLO's capital reserves and will help enhance the diversity and risk tolerance of the Company's overall asset portfolio.
The company stated that purchasing Bitcoin or digital currency derivatives is an important measure for the company to explore and practice in the field of digital currency. Through this program, HOLO will be able to gain a deeper understanding of the operational mechanisms, price fluctuations, and investment strategies of the digital currency market, thereby accumulating valuable experience for its future business expansion and capital operations in the digital currency field.
Meanwhile, HOLO emphasizes that this investment plan is closely linked to the company's vision of promoting comprehensive digital currency applications such as holographic AI and quantum computing. As an emerging financial tool and payment method, digital currency has unique advantages such as decentralization, high transparency, and fast transaction speed. With the continuous advancement of technology and the growing market demand, the application prospects of digital currency in various fields are becoming increasingly broad.
HOLO believes that by investing in Bitcoin or digital currency derivatives, the company will be able to better grasp the development opportunities of the digital currency market and promote the deep integration of cutting-edge technologies such as holographic AI and quantum computing with digital currencies. This will help enhance the company's core competitiveness in the digital currency field, laying a solid foundation for future business expansion and transformation.
Looking into the future, HOLO is committed to maintaining vigilant surveillance over the fluctuations and evolutionary trends within the digital currency market. The company will proactively engage in in - depth research and exploration of a broader spectrum of potential digital currency assets and their associated derivatives. Concurrently, HOLO intends to intensify communication and collaborative efforts with its partners, with the collective aim of jointly fostering the healthy, stable, and sustainable development of the digital currency market.
In summary, HOLO's initiative to acquire Bitcoin or digital currency derivatives and integrate them into its capital reserve strategy represents a pivotal step for the company to augment its practical acumen within the digital currency domain and expedite the convergence of cutting - edge technology and digital currency applications. This strategic plan not only contributes to the enhancement of the company's overall asset quality and risk resilience but also paves the way for more extensive scope and opportunities for HOLO's future business expansion, transformation, and upgrading.
About MicroCloud Hologram Inc.
MicroCloud is committed to providing leading holographic technology services to its customers worldwide. MicroCloud's holographic technology services include high-precision holographic light detection and ranging ("LiDAR") solutions, based on holographic technology, exclusive holographic LiDAR point cloud algorithms architecture design, breakthrough technical holographic imaging solutions, holographic LiDAR sensor chip design and holographic vehicle intelligent vision technology to service customers that provide reliable holographic advanced driver assistance systems ("ADAS"). MicroCloud also provides holographic digital twin technology services for customers and has built a proprietary holographic digital twin technology resource library. MicroCloud's holographic digital twin technology resource library captures shapes and objects in 3D holographic form by utilizing a combination of MicroCloud's holographic digital twin software, digital content, spatial data-driven data science, holographic digital cloud algorithm, and holographic 3D capture technology. For more information, please visit http://ir.mcholo.com/
Safe Harbor Statement
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate," or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; product and service demand and acceptance; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic; financial condition and results of operations; the expected growth of the holographic industry and business conditions in China and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission ("SEC"), including the Company's most recently filed Annual Report on Form 10-K and current report on Form 6-K and its subsequent filings. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
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