MicroCloud Hologram, a company best known for LiDAR and holographic technology services, just made a $15.76 million bet on Bitcoin. Sort of.
The NASDAQ-listed firm (ticker: HOLO) announced it acquired 140,268 shares of Strategy, formerly MicroStrategy, through the maturity and settlement of a structured note investment product. The shares have been transferred into HOLO’s name and recorded as investment assets on its balance sheet.
The structured note play
HOLO didn’t walk onto the open market and place a buy order for $15.76 million worth of MSTR. Instead, the shares came through a structured note, a financial instrument that ties returns to the performance of an underlying asset. When the note matured, HOLO received the Strategy shares as settlement.
The 140,268 shares now sit on HOLO’s books as investment assets. At roughly $112 per share based on the total consideration, this represents a meaningful position relative to HOLO’s own market capitalization, which sits in a considerably smaller range than Strategy’s.
