TechFlow reports, on February 21, according to PR Newswire, Nano Labs (Nasdaq: NA) has entered into a share subscription agreement with investors to privately place 913,714 Class A ordinary shares at $6.46 per share, raising approximately $5.9 million. The investors will pay in Bitcoin and USDT. Previously, the company received investments from institutions including FENBUSHI, Golden Forest, and Longling Capital.
The announcement also revealed that as of February 21, 2025, Nano Labs holds approximately 400 bitcoins, with a current market value of about $40 million, and an average acquisition cost of $99,500 per bitcoin (including transaction fees). The private placement is expected to complete settlement within 10 business days, subject to customary closing conditions.
