MicroCloud plans to purchase up to $200M in derivatives on digital currency

MicroCloud Hologram (HOLO) has announced a major program aimed at enhancing its practice in the digital currency space. The company plans to call upon up to $200M to purchase bitcoin (BTC) or other digital currencies and their related securities derivatives and incorporate these assets into its capital reserve strategy. The Company currently has cash reserves of approximately $257M. The planned call of $200M 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.