The listed company Nuvve plans to raise $4.8 million to establish a reserve for the HYPE token

ChainCatcher news, according to businesswire, Nasdaq-listed clean energy electric vehicle charging technology company Nuvve 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 managed by Lucid Capital Markets.

Nuvve stated that the funds raised will be used to purchase Hyperliquid's native token HYPE to establish a token reserve. The company previously disclosed that management has developed a digital finance strategy and plans to allocate 30% of idle funds to invest in Bitcoin.