MicroCloud Hologram Inc. (NASDAQ:HOLO) stock climbed on Friday after the company expanded its Bitcoin-linked exposure through a sizable investment in Strategy Inc. (NASDAQ:MSTR).
Adds $15.76M MSTR Position
MicroCloud said Friday it acquired 140,268 shares of Strategy through the settlement of a structured note investment product.
The shares were worth about $15.76 million based on MSTR’s closing price in the previous trading session.
The company said the acquisition followed the maturity and settlement of a structured note it held. Under the product’s terms, the company received the underlying MSTR shares upon settlement.
