Golden Finance reported that Nasdaq listed company Nano Labs announced that it has signed a share subscription agreement with certain investors to sell 913,714 shares of the company's Class A common stock in a private placement, with a purchase price of US$6.46 per Class A common stock. The total purchase price is approximately US$5.9 million. In addition, Nano Labs also stated that it has recently increased its holdings of Bitcoin, holding a total of about 400 Bitcoins as of February 21, 2025, with a current value of about $40 million, and an average acquisition cost of about $99,500, including transaction fees.