Chinese fabless integrated circuit design company Nano Labs has announced the successful closing of a $36.25 million private placement. The transaction, which was first disclosed in November, involved the issuance of 5,611,459 Class A ordinary shares at a purchase price of $6.46 per share. The shares were priced at $6.46 each, and the transaction was structured to include payments in US dollars, Bitcoin (BTC), and USDT (Tether). The latest development comes just a day after the company revealed purchasing approximately 55.6 BTC. Its stash is worth around $5.5 million. The company made this investment through Hashkey, a licensed virtual asset trading platform based in Hong Kong. The Huangzhou-based company also announced that it will continue to closely monitor the developments in the Bitcoin market and adjust its investment strategy accordingly. Last month, Nano Labs began accepting Bitcoin payments for its products. The company, known for its high-tech solutions, opened a Coinbase account to facilitate these transactions, responding to the increasing demand for cryptocurrency payments across industries. This decision also came amid financial struggles for the company. Nano Labs faced a steep decline in stock prices since its public offering in 2022. The company had then issued a statement saying, “Nano Labs’ acceptance for payments in Bitcoin aligns with its long-term vision of staying at the forefront of technology advancements and delivering added value to clients worldwide. With this new capability, the Company is positioned to attract a broader range of partners and customers who value progressive financial option.” The post Nano Labs Secures $36.25 Million After $5.5 Million Bitcoin Acquisition appeared first on CryptoPotato .
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World’s Largest Exchange Sees Abnormal $100 Million Bitcoin (BTC) Activity
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Solana Predicted to Break $600 in Q1, While SHIB and 1Fuel Maintain Investors’ Buzz
The post Solana Predicted to Break $600 in Q1, While SHIB and 1Fuel Maintain Investors’ Buzz appeared first on Coinpedia Fintech News Market analysts have tipped Solana to reach $600 as the altcoin resumes its bull run. Shiba Inu and 1Fuel are other altcoins getting mass attention due to their promising outlooks. Shiba Inu looks poised to rally impressively, while 1Fuel could experience a massive post-presale surge . Expectations are high for 1Fuel, and the token looks prepared to meet and beat these expectations. Find out more about 1Fuel below. 1fuel’s Promises Of Explosive Returns Attract Top Investors Every investor wants high returns, and 1Fuel seems capable of providing that. The DeFi token has one of the best presales in 2024 and is set to explode after launch in 2025. 1Fuel has sold over 60 million tokens on presale, out of the 500 million available, the token’s limited supply will soon drive its demand and value through the roof, which is why it’s essential to get in early now. The demand for 1Fuel will skyrocket as more and more people become aware of its prospect. Analysts believe the current buzz is child’s play compared to what is to come, and top investors share in their sentiment. 1Fuel’s prominence will go beyond market buzz and community support. The new token will be backed by real-life uses, making it an essential crypto token. The crypto project will carve a niche for itself as a unique DeFi solution. 1Fuel will simplify transaction processes and provide unique functions to improve user experience. The groundbreaking crypto solution will be an upgrade on existing platforms, ensuring user satisfaction. The project’s utility positions it for high adoption and usage. This will in turn improve 1Fuel’s prominence and value. Analysts believe the buzz surrounding 1Fuel is backed by something tangible. Hence, it’s likely to have a sustained bull run. The new token is set to pump massively and smart money is already investing heavily. Solana Tipped To Pump Hard In 2025 Solana started the year on a positive note. The altcoin quickly broke into the $100 price zone from about $70+ initial value. Solana is keen on ending the year on a similar note, but prolonged bear pressure has been a challenge. Solana has dipped 14% since reaching a $263.83 all-time high. The altcoin fluctuates around $224 and $225 currently, as it hopes to change the tide. Despite the prevailing bear pressure, analysts predict that Solana will be a top-performing crypto coin in 2025. The top altcoin is showing signs of a strong bull run, and it may eventually experience it in Q1. Solana may hit $600 in 2025, making it a good investment choice. Shiba Inu Ready For A Great Market Run In 2025 Meme coins are tipped to have a more rewarding 2025, and Shiba Inu could be the best-performing one. While Shiba Inu hasn’t yielded as much as Pepe and BONK this year, the meme coin is hoping to outperform them soon. This could see Shiba Inu yield massive returns in Q1. Presently, Shiba Inu trades around $0.00002831 as it looks to return to its current yearly high at $0.000033. However, Shiba Inu is yet to completely weather bear pressure, making it difficult to beat the resistance at $0.000039. Shiba Inu may eventually break out beyond its current resistance level and surge towards $0.000035 by Q1. Conclusion Solana could be a top-performing crypto coin in 2025, just like Shiba Inu. However, investors could gain the most from 1Fuel. The token has one of the best presales in 2024, and it’s expected to reward investors massively. Get in on the 1Fuel presale now and be among the early investors. If you would like to find out more information about the presale: Presale: https://www.1fuel.io/ Telegram: https://t.me/Portal_1Fuel X: https://x.com/1fuel_?s=2 Crypto Potato