Nano Labs Loads Up on BNB – $50M Today, $1B War Chest in Sight
2025-07-03 20:06:30
Main Idea
Nano Labs has acquired $50 million worth of BNB tokens, bringing its total digital asset reserves to $160 million, as part of a strategic plan to accumulate up to $1 billion in BNB holdings.
Key Points
1. Nano Labs purchased 74,315 BNB tokens at an average price of $672.45 per token, totaling approximately $50 million.
2. The company's digital asset reserves, including Bitcoin and BNB, now amount to around $160 million.
3. Nano Labs plans to acquire up to $1 billion worth of BNB through convertible notes and private placements.
4. The company aims to control between 5% and 10% of BNB's total supply in the long term.
5. Nano Labs previously entered into a $500 million convertible note agreement to support its BNB accumulation strategy.
Description
Nano Labs Ltd, a Web3 infrastructure and product solutions provider based in China, announced today the acquisition of 74,315 Binance Coin ( BNB ) tokens via over-the-counter (OTC) transactions at an average price of approximately $672.45 per token, representing a total investment of roughly $50 million. The purchase brings the company’s total digital asset reserves, encompassing Bitcoin and BNB holdings, to approximately $160 million, representing a major milestone in Nano Labs’ strategic BNB a...
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