BEIJING, Aug. 08, 2025 (GLOBE NEWSWIRE) -- Beijing, August 8, 2025 – WiMi Hologram Cloud Inc. (Nasdaq: WIMI) (“WiMi” or the “Company”), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced a significant improvement in its operating performance, with a notable increase in cash reserves.
As of August 8, 2025, the Company’s total cash, cash equivalents, and short-term investments — including total cash and Bitcoin-related securities derivatives and short-term investments — reached approximately RMB 3.266 billion (equivalent to approximately USD 455 million). Among these, bank cash alone amounted to approximately RMB 1.741 billion (USD 242 million), while Bitcoin-related securities derivatives and short-term investments totaled approximately RMB 1.525 billion (USD 212 million).
The Company plans to allocate USD 450 million in investments toward quantum technology and holographic technology applications, while increasing capital deployment in blockchain and Bitcoin-related cryptocurrency applications. WiMi’s financial model in emerging technology sectors has shown solid performance, with cash reserves continuing to grow. This milestone financial achievement clearly demonstrates the successful execution of the Company’s efficient operational strategies and the strength of its management capabilities.
The sharp increase in cash reserves signifies a meaningful strengthening and optimization of the Company’s financial position. With ample financial resources, WiMi is well-positioned to seize new development opportunities, enhance investment in innovative research and development, and drive future business growth.
About WiMi Hologram Cloud
WiMi Hologram Cloud, Inc. (NASDAQ: WiMi) is a holographic cloud comprehensive technical solution provider that focuses on professional areas including holographic AR automotive HUD software, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation and others. Its services and holographic AR technologies include holographic AR automotive application, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication and other holographic AR technologies.
Safe Harbor Statements
This press release contains "forward-looking statements" within the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," and similar statements. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Among other things, the business outlook and quotations from management in this press release and the Company's strategic and operational plans contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the US Securities and Exchange Commission ("SEC") on Forms 20−F and 6−K, in its annual report to shareholders, in press releases, and other written materials, and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. Several factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the Company's goals and strategies; the Company's future business development, financial condition, and results of operations; the expected growth of the AR holographic industry; and the Company's expectations regarding demand for and market acceptance of its products and services.
Further information regarding these and other risks is included in the Company's annual report on Form 20-F and the current report on Form 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release. The Company does not undertake any obligation to update any forward-looking statement except as required under applicable laws.
Contacts
WiMi Hologram Cloud Inc.
Email: pr@wimiar.com
ICR, LLC
Robin Yang
Tel: +1 (646) 975-9495
Email: wimi@icrinc.com
