Nano Labs Ltd, a Chinese integrated circuit design company, has increased its Bitcoin holdings through the HashKey Exchange in Hong Kong. As of December 12, 2024, the company now holds approximately 360 Bitcoins, valued at about $36.22 million. Despite fluctuations in the cryptocurrency market, Nano Labs plans to invest $50 million in Bitcoin over the next five years. They also recently announced a private share sale of $36.25 million, accepting payment in U.S. dollars, Bitcoin, and USDT. The funds raised will be used to enhance the company's technological capabilities and expand its market reach in the competitive cryptocurrency mining industry.



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