Nano Labs just closed a $36.25 million private placement, and it’s no joke! 🎉

- The Chinese integrated circuit design company sold 5,611,459 Class A shares for $6.46 per share. Payments are accepted in USD, Bitcoin (BTC), and USDT (Tether).

- The day before, Nano Labs purchased around 55.6 BTC worth $5.5 million through the Hashkey platform in Hong Kong.

- Nano Labs has also started accepting Bitcoin payments for its products, opening a Coinbase account to facilitate these transactions.

- This move comes despite the company’s declining stock price since its 2022 IPO.

What do you think about Nano Labs’ bold move? Let’s discuss in the comments!