Nuvve Plans to Raise $4.80 Million to Establish HYPE Token Reserve

Green energy company Nuvve (Nasdaq: NVVE) has announced a public offering of 5,029,403 shares of common stock at a price of $0.95 per share, raising approximately $4.80 million. Lucid Capital Markets acted as bookrunner for the offering. Nuvve stated that the funds raised will be used to purchase Hyperliquid's native token, $HYPE, to establish a token reserve. The company had previously disclosed that management had developed a digital finance strategy and planned to allocate 30% of idle funds to Bitcoin. [Wu Shuo]