Nano Labs (Nasdaq: NA) announced a $50 million BTC purchase plan
On December 2, Nano Labs Ltd (Nasdaq: NA), as a leading fabless integrated circuit design company and product solutions provider, announced today its plan to purchase and hold $50 million worth of Bitcoin ("BTC"). This strategic decision highlights the company's confidence in BTC as a long-term store of value and a foundational asset in the rapidly evolving Web 3.0 ecosystem.
As an active participant in the Web 3.0 space, Nano Labs has been expanding its influence through innovative products, including the B series for BTC mining and the V series for ETC ("ETH") mining. Driven by recent market trends, favorable policy shifts, and increasing institutional adoption, the company believes that BTC plays an increasingly important role in the digital asset ecosystem.
By incorporating BTC into its strategic asset portfolio, Nano Labs aims to strengthen its market position and contribute to the broader adoption and growth of the digital economy.
The company reminds investors that the purchase plan may be subject to various factors, including but not limited to: market conditions, regulatory changes, the company's financial condition, and other business considerations. The company is not obligated to execute this purchase plan and may modify, suspend, or abandon the plan at any time without prior notice. (Source: MetaEra)
