Nano Labs Announces Bitcoin as Its Strategic Reserve Asset
Nano Labs Ltd - Class A Ordinary Shares (NA)
Company Research
Source: GlobeNewswire
HANGZHOU, China, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Nano Labs Ltd (Nasdaq: NA) (“we,” the “Company” or “Nano Labs”), a leading fabless integrated circuit design company and product solution provider in China, today announced its intention to allocate a portion of its excess liquidity to Bitcoin and hold it as a long-term strategic reserve asset. This initiative underscores Nano Labs’ confidence in Bitcoin as a reliable store of value amidst its rising global adoption. Recent market trends, including significant price appreciation and widespread investor confidence, have further solidified Bitcoin’s position as a resilient financial instrument with enduring growth potential. The decision reflects Nano Labs' commitment to staying at the forefront of financial and technological innovation. By incorporating Bitcoin into its asset strategy, the Company seeks to diversify its portfolio, enhance its resilience against market fluctuations, and align with the evolving dynamics of the global
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News
- Nano Labs Regains Compliance with Nasdaq Minimum Bid Price RequirementGlobeNewswire
- Nano Labs Starts Accepting Payments in BitcoinGlobeNewswire
- CORRECTION: Nano Labs Announces Results of Annual General Meeting of Shareholders [Yahoo! Finance]Yahoo! Finance
- CORRECTION: Nano Labs Announces Results of Annual General Meeting of ShareholdersGlobeNewswire
- Nano Labs Announces Results of Annual General Meeting of ShareholdersGlobeNewswire
NA
Sec Filings
- 11/20/24 - Form 6-K/A
- 11/19/24 - Form 6-K
- 11/18/24 - Form 6-K
- NA's page on the SEC website