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El Salvador aims to boost Bitcoin reserves amid changing global attitudes

El Salvador's Vice President Félix Ulloa Jr. highlighted the nation's Bitcoin success during a meeting with China's Ambassador, emphasizing over 6,217 BTC in state reserves valued at over $500 million. The government aims to increase its holdings by an additional 20,000 BTC, showcasing its commitment to crypto adoption despite IMF concerns. Recent purchases and pro-crypto initiatives led by the Bitcoin Office under Stacy Herbert further underline this strategy.

Nano Labs raises 36.25 million after significant Bitcoin investment

Nano Labs has successfully closed a $36.25 million private placement, issuing 5,611,459 Class A shares at $6.46 each. This follows the company's recent acquisition of approximately 55.6 BTC worth around $5.5 million, made through Hashkey, a Hong Kong-based trading platform. Amid financial challenges and declining stock prices since its 2022 public offering, Nano Labs has begun accepting Bitcoin payments, aiming to enhance its technological offerings and attract a wider customer base.
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