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Nano Labs injects $500 million into a cryptocurrency, and its stock price soars
According to reports, a trading platform executive said on social media that Nano Labs Ltd (NASDAQ:NA) has become a publicly traded company with a strategic reserve that only holds a cryptocurrency, injecting $500 million into the cryptocurrency. He noted that Nano Labs' share price has risen sharply as a result. The executive also said that he and his affiliated entities did not participate in the round, but he said that he still "strongly supports" the move.