Nano Labs plans to purchase and hold $50 million worth of Bitcoin over the next five years

PANews, December 2, according to a press release, cryptocurrency mining chip design company Nano Labs (Nasdaq: NA) announced its plan to purchase and hold $50 million worth of Bitcoin over the next five years. Nano Labs stated that this strategic decision underscores the company's confidence in BTC as a long-term store of value and a foundational asset in the rapidly growing Web 3.0 ecosystem.

Previously, in November, it was reported that Nano Labs announced it would accept Bitcoin payments.