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Investing.com -- MicroCloud Hologram Inc. (NASDAQ:HOLO) stock surged 30% after the technology service provider announced a significant investment of up to $200 million in Bitcoin and cryptocurrency-related securities derivatives.
The company reported that as of July 11, its cumulative investment income from these initiatives has reached $34.02 million. MicroCloud currently maintains substantial cash reserves of $394 million, which it plans to allocate toward derivatives and technology development in emerging fields including Bitcoin-related blockchain, quantum computing, quantum holography, and AI-powered AR.
This cryptocurrency investment represents a strategic move for MicroCloud as it incorporates Bitcoin and its derivatives into its capital reserve strategy. The company stated that this initiative aims to enhance financial stability and long-term growth potential through diversified investments while gaining valuable insights into cryptocurrency market mechanisms.
The allocated funds will primarily target Bitcoin or other cryptocurrencies with significant market influence and growth potential, along with related securities derivatives. These assets will become part of MicroCloud’s financial reserves, designed to improve the diversity and risk resilience of its overall asset portfolio.
MicroCloud’s approach mirrors similar strategies adopted by other public companies seeking exposure to cryptocurrency markets as both an investment vehicle and strategic business direction.
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