U.S. publicly traded company Nuvve incorporates HYPE into its corporate treasury strategy

BlockBeats News, July 13, According to Businesswire, U.S. stock-listed grid technology company Nuvve Holding Corp. (NVVE) today announced the issuance of 5,029,403 shares of common stock (or common stock equivalents) at a public offering price of $0.95 per share, with expected total proceeds of approximately $4.8 million (net of underwriting discounts, commissions, and offering expenses). The company plans to use part of the net proceeds from this offering to advance its corporate treasury strategy, incorporating HYPE into it.

BlockBeats previously reported that on January 29, Nuvve stated, "It plans to use up to 30% of the remaining cash to purchase Bitcoin," based on its estimated six-month operating expenses.