Nano Labs Reveals Bitcoin Exposure, Here’s How Much They Hold

Nano Labs Ltd (Nasdaq: NA), a Chinese fabless integrated circuit design company, has disclosed its updated Bitcoin (BTC) holdings. The announcement, made on December 12, 2024, comes as the company continues its expansion into cryptocurrency-related investments and strategic initiatives.

Bitcoin Holdings and Acquisition Costs

As of December 12, 2024, Nano Labs holds approximately 360 Bitcoins, valued at approximately $36.22 million. The company confirmed that the average acquisition cost of its Bitcoin holdings, including transaction fees, is $99,700 per Bitcoin. The acquisition was made through the licensed virtual asset exchange HashKey Exchange, based in Hong Kong.

This announcement reflects Nano Labs’ increased interest in Bitcoin as price trades around $101,560, nearing an all-time high. The company stated that its move aligns with its long-term strategy to participate in the evolving digital economy.

Moreover, in November 2024, Nano Labs announced it would accept Bitcoin as payment for its goods and services with the initiative being implemented through a business account on Coinbase. By adopting Bitcoin for transactions, Nano Labs aims to offer more flexibility to its customers while aligning its operations with the growing demand for cryptocurrency-based payments.

Private Share Sale and Payment Flexibility

Nano Labs has recently completed a private share sale, raising $36.25 million. The transaction involved the issuance of 5,611,459 Class A ordinary shares at a price of $6.46 per share. The company revealed that it accepted payments in U.S. dollars, Bitcoin, and USDT, showing flexibility in its financial operations.

The share sale is expected to bolster the company’s financial stability and operational growth as it continues its focus on cryptocurrency mining products. Nano Labs has also announced plans to invest $50 million in Bitcoin over the next five years. This decision is part of its broader strategy to explore digital assets as an integral part of its business operations.

Concurrently, Nano Labs launched its advanced V Series crypto mining products, featuring the newly developed Cuckoo 3.0 chips. The product launch marks a step forward in its technology offerings for cryptocurrency mining, despite facing challenges in other areas of its business.

Meanwhile, the company reported a net revenue of $3.47 million for the first half of 2024, a decrease attributed to reduced sales of its iPollo V1 Series products. Despite this, Nano Labs converted $8.5 million in interest-free loans into Class A ordinary shares, signaling a shift in its capital structure.

Bitcoin Price Trend As Bulls Reclaim $102k

Nano Labs’ announcements come at a time of renewed interest in Bitcoin, which has recently rebounded to $102,000. The surge is linked to optimism surrounding potential Federal Reserve interest rate cuts, following a U.S. consumer price inflation report that showed annual inflation at 2.7%.

The Federal Reserve is expected to announce further rate cuts during its upcoming policy meeting. Speculators anticipate a quarter-point reduction, with a high likelihood of the Fed pausing cuts in January to evaluate the economic impact of previous adjustments.

However, while Nano Labs has increased its Bitcoin exposure, other major companies are taking a different approach. Microsoft shareholders recently voted against a proposal to add Bitcoin to the company’s balance sheet.

✓ Share:

• Recommended
• Price Analysis

• Michael Saylor, Crypto Executives Meet to Push for Strategic Bitcoin Reserve Bill
• U.S. House Reattaches Anti-CBDC Bill to CLARITY Act Ahead of Senate Review
• Breaking: UK and US to Align Crypto Regulations Amid Trump’s Pro-Crypto Agenda
• Breaking: Binance Nears Deal With U.S. DOJ To Drop Compliance Monitor, BNB Reaches New ATH
• Pro-Crypto Stephen Miran Sworn in as Fed Governor Ahead of FOMC Meeting

• SHIB Price Forecast: Taker Buys Lead as Developers Counter Shibarium Exploit
• Solana Price Set for a 25% Jump as Open Interest Nears a $20 Billion Milestone
• Bitcoin Price Prediction as Fed Decision Nears — Dump Before the Next Rally?
• Ethereum Price Prediction As Standard Chartered Says Treasury Buying Will Boost ETH Over Rivals
• Solana Price Prediction: Analyst eyes $1,250 as Galaxy Digital and Forward Industries Intensify Accumulation

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

Kelvin Munene Murithi

Kelvin Munene is a crypto and finance journalist with over 5 years of experience, offering in-depth market analysis and expert commentary . With a Bachelor's degree in Journalism and Actuarial Science from Mount Kenya University, Kelvin is known for his meticulous research and strong writing skills, particularly in cryptocurrency, blockchain, and financial markets. His work has been featured across top industry publications such as Coingape, Cryptobasic, MetaNews, Cryptotimes, Coinedition, TheCoinrepublic, Cryptotale, and Analytics Insight among others, where he consistently provides timely updates and insightful content. Kelvin’s focus lies in uncovering emerging trends in the crypto space, delivering factual and data-driven analyses that help readers make informed decisions. His expertise extends across market cycles, technological innovations, and regulatory shifts that shape the crypto landscape. Beyond his professional achievements, Kelvin has a passion for chess, traveling, and exploring new adventures.