Nano Labs is shaking things up! Amid some rocky stock times, this Chinese circuit whiz is diving headfirst into the world of Bitcoin payments. Their goal? To go global and draw in fresh partners and customers. Talk about thinking outside the box!
In a big-money move, Nano Labs just wrapped up a private placement, raking in a cool $36.25 million. The deal featured the sale of 5,611,459 Class A ordinary shares, each going for $6.46. But here's the twist: they accepted payments not just in good ol' US dollars, but also in Bitcoin and USDT (Tether). That's some serious crypto love right there!
And get this—just a day before this big news, Nano Labs announced they snagged around 55.6 Bitcoins, worth about $5.5 million. They made this savvy purchase through Hashkey, a licensed trading platform out of Hong Kong. Looks like they're playing their cards right in the crypto game!
The company, hailing from Huangzhou, isn't stopping there. They're keeping a keen eye on Bitcoin's rollercoaster ride and are ready to tweak their investment game plan whenever needed. Smart move!
Last month, in a nod to the growing demand for crypto payments, Nano Labs started accepting Bitcoin for their products. They even set up a Coinbase account to make these transactions a breeze. It's all part of their strategy to stay cutting-edge and cater to a tech-savvy crowd.
Of course, this crypto pivot comes on the heels of some tough financial times. Since going public in 2022, Nano Labs has seen their stock take a nosedive. But they're not backing down.
In a bold statement, Nano Labs declared, “Our leap into Bitcoin payments aligns with our vision of leading the tech charge and delivering top-notch value to clients worldwide.” They're aiming to reel in a diverse set of partners and customers who appreciate the forward-thinking financial approach.
Keep your eyes peeled, folks—Nano Labs is on a mission to shake up the crypto world!
