Nano Labs announces plans to raise $5.9 million through a private equity transaction and increase its Bitcoin holdings to 400

According to Golden Finance, Nasdaq listed company Nano Labs announced that it has signed a share subscription agreement with certain investors to sell 913714 shares of the company's Class A common stock through private placement, with a purchase price of $6.46 per share. The total purchase price of the private placement is approximately $5.9 million. In addition, Nano Labs has recently increased its holdings of Bitcoin, holding approximately 400 bitcoins as of February 21, 2025, with a current value of approximately $40 million and an average acquisition cost of approximately $99500, including transaction fees.