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 Announces Bitcoin Holdings Exceed 360 BTC, Valued at Over US$36 MillionPR Newswire
- Nano Labs Announces Closing of US$36.25 Million Private PlacementPR Newswire
- Nano Labs Announces $5.5 Million BTC Purchased as of December 10, 2024PR Newswire
- Nano Labs Announces Pricing of Unregistered Sale of Equity SecuritiesPR Newswire
- Nano Labs Announces Strategic Partnership with HashKey Group to Drive Web3 InnovationPR Newswire
NA
Sec Filings
- 12/13/24 - Form 4
- 12/13/24 - Form 4
- 12/13/24 - Form 4
- NA's page on the SEC website