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Nano Labs (NA) announced that it has recently increased its Bitcoin (BTC) holdings through the licensed virtual asset exchange HashKey Exchange in Hong Kong. As of December 12, the company holds a total of approximately 360 Bitcoins, with a current value of approximately $36.22M. The average acquisition cost of its Bitcoin holdings is approximately $99,700 per BTC, inclusive of transaction fees. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news.

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Global equity funds attracted inflows for an 11th successive week through Dec. 11, supported by signs that a cooling U.S. labor market and stable consumer prices might facilitate a third consecutive rate cut by the Federal Reserve this month. Investors snapped up global equity funds worth a net $10.18 billion during the week, following about $21.19 billion worth of net purchases in the prior week, LSEG Lipper data showed. Last week's U.S. employment report showed a surge in job growth for November, rebounding from disruptions caused by hurricanes and strikes, but the unemployment rate increased to 4.2%, signaling a loosening labor market that could prompt the Federal Reserve to cut interest ...

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From Texas's bold adoption plan to BlackRock's continued backing, bitcoin's solid performance and rising demand underscore its prominence in the digital asset space. Meanwhile, Riot faces pressure to pivot to AI, and Microsoft stays cautious, rejecting bitcoin for its balance sheet.