Have you heard of Nano Labs Ltd $CTLE yet? The company has recently released exciting news! 🎉 They have reached agreements with investors to sell 913,714 Class A shares in a private placement. The price per share is 6.46 USD, which totals about 5.9 million USD - and the whole thing will be paid in Bitcoin $BTC (-2,64 %) and $USDT and

In addition, Nano Labs has increased its Bitcoin holdings and now holds around 400 Bitcoins worth around USD 40 million. The average purchase price per Bitcoin is USD 99,500. This shows that the company is actively investing in cryptocurrencies and diversifying its strategy.

What do you think of this combination of selling shares and investing in Bitcoin? Do you think Nano Labs is on the right track?