Nasdaq-listed Nano Labs announced it has entered into stock purchase agreements with certain investors to sell 913,714 Class A ordinary shares in a private placement at $6.46 per share, raising approximately $5.9 million.
The company also revealed it has increased its Bitcoin holdings. As of February 21, 2025, Nano Labs holds around 400 Bitcoins, valued at roughly $40 million, with an average acquisition cost of about $99,500 including transaction fees.
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