Chinese fabless integrated circuit design company Nano Labs has announced the successful closing of a $36.25 million private placement.<\/p>\n
The transaction, which was first disclosed in November, involved the issuance of 5,611,459 Class A ordinary shares at a purchase price of $6.46 per share. The shares were priced at $6.46 each, and the transaction was structured to include payments in US dollars, Bitcoin (BTC), and USDT (Tether).<\/p>\n
The latest development<\/a> comes just a day after the company revealed<\/a> purchasing approximately 55.6 BTC. Its stash is worth around $5.5 million. The company made this investment through Hashkey, a licensed virtual asset trading platform based in Hong Kong.<\/p>\n The Huangzhou-based company also announced that it will continue to closely monitor the developments in the Bitcoin market and adjust its investment strategy accordingly.<\/p>\n Last month, Nano Labs began accepting<\/a> Bitcoin payments for its products. The company, known for its high-tech solutions, opened a Coinbase account to facilitate these transactions, responding to the increasing demand for cryptocurrency payments across industries.<\/p>\n This decision also came amid financial struggles for the company. Nano Labs faced a steep decline in stock prices since its public offering in 2022.<\/p>\n The company had then issued a statement saying,<\/p>\n \u201cNano Labs\u2019 acceptance for payments in Bitcoin aligns with its long-term vision of staying at the forefront of technology advancements and delivering added value to clients worldwide. With this new capability, the Company is positioned to attract a broader range of partners and customers who value progressive financial option.\u201d<\/p>\n The post Nano Labs Secures $36.25 Million After $5.5 Million Bitcoin Acquisition<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Chinese fabless integrated circuit design company Nano Labs has announced the successful closing of a $36.25 million private placement. The transaction, which was first disclosed in November, involved the issuance of 5,611,459 Class A ordinary shares at a purchase price of $6.46 per share. The shares were priced at $6.46 each, and the transaction was […]<\/p>\n","protected":false},"author":0,"featured_media":28599,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-28598","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/28598"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28598"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/28598\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/28599"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}