WuSaidBlockchainW
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According to Wu, green energy company Nuvve (NASDAQ: NVVE) announced a public offering of 5,029,403 shares of common stock at a price of $0.95 per share, raising approximately $4.8 million. The offering is being managed by Lucid Capital Markets as the bookrunner. Nuvve stated that the funds raised will be used to purchase the Hyperliquid native Token HYPE to establish a token reserve. The company previously disclosed that management has developed a digital financial strategy and plans to allocate 30% of idle funds for Bitcoin.

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