Nano Labs holds approximately 55.6 BTC as of December 10, worth approximately $5.5 million

Nano Labs, a crypto mining chip design company, announced that it has invested in Bitcoin through Hashkey, a licensed virtual asset trading platform in Hong Kong. As of December 10, 2024, the company held approximately 55.6 Bitcoins, worth approximately US$5.5 million, with an average price of approximately US$99,400, including transaction fees. This strategic investment reflects the company's commitment to diversified asset allocation while exploring the potential application of blockchain technology in high-performance computing and distributed storage solutions. A group of investors including FENBUSHI US, Longling Capital, Golden Forest, etc. recently signed a share subscription agreement with Nano Labs. The company will continue to pay close attention to the development of the BTC market and adjust the investment scale and strategy appropriately according to market conditions. (PRNewswire)