Chinese holographic technology company providing software and hardware solutions for holographic content, intelligent automobile electronics, and cloud data processing. Allocated $200M from cash reserves to purchase Bitcoin and cryptocurrency derivatives as a diversification strategy.
| Instrument | Term | Coupon | Principal | Outstanding | Conv. price |
|---|---|---|---|---|---|
| HOLO-Apr26 | Apr '25 – Apr '26 | 0% | 40.00M USD | 3.39M USD | 1.46 USD |
| HOLO-Jun26 | Jun '25 – May '26 | 0% | 36.00M USD | 3.05M USD | 1.46 USD |
| Total | 6.44M USD | ||||
22,512,360 Class A + 400,000 Class B as of Dec 31, 2025
Form 20-F (FY2025)Dilution from conversion of Jan and Feb 2025 convertible notes
Convertible Notes Issuance ($40M)No digital assets or BTC mentioned in FY2025 20-F. Prior 2,353 BTC from bitcointreasuries.net was misclassified derivative exposure (structured products).
Form 20-F (FY2025)$6.44M total remaining at Dec 31 split proportionally between Apr/Jun notes
Form 20-F (FY2025)$6.44M total remaining at Dec 31 split proportionally between Apr/Jun notes
Form 20-F (FY2025)