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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SOURCE MicroCloud Hologram Inc.
