Nano Labs Ltd, a fabless integrated circuit design company based in China, announced that it has acquired Bitcoin (BTC) 
$99,148. This announcement aligns with the company’s ongoing efforts to expand its cryptocurrency investments and strategic initiatives.
Bitcoin Reserves and Acquisition Cost
As of December 12, 2024, Nano Labs holds approximately 360 Bitcoins, valued at around $36.22 million. The company confirmed that the average acquisition cost of its Bitcoin assets, including transaction fees, is $99,700 per Bitcoin. The purchase was conducted through HashKey Exchange, a licensed virtual asset exchange based in Hong Kong.
The company stated that this move is consistent with its long-term strategy aimed at participating in the evolving digital economy.
Bitcoin Price Trends
Nano Labs’ announcements come during a renewed interest in Bitcoin. Recently, Bitcoin has bounced back to $102,000. This increase is linked to expect…
