Nano Labs (NA) Buys $50M of Binance's BNB in $1B Plan to Hold Up to 10% of Supply

Nano Labs (NA) Buys $50M of Binance's BNB in $1B Plan to Hold Up to 10% of Supply

Nano Labs (NA), a Nasdaq-listed chipmaker, snapped up about $50 million worth of Binance’s BNB (BNB) token as it works toward a goal of owning as much as 10% of the total supply.The Hong Kong-based company said it bought 74,315 BNB in an over-the-counter deal at an average price near $672.45, lifting its total digital asset reserves, including bitcoin (BTC), to around $160 million.The purchase marks the first major step in Nano Labs’ plan to all…

CoinStats - Why Nano Labs Wants To Control A Big Chunk Of...

Nano Labs Ltd. (NASDAQ:NA) has confirmed a $50 million purchase of 74,315 Binance Coin (CRYPTO: BNB) tokens, expanding its digital currency reserves to approximately $160 million as part of a broader strategic accumulation pl

BNB Treasury Strategy Launched With $50 Million Purchase By Nano Labs

Nano Labs begins a $1B BNB strategy with a $50M purchase, aiming to acquire up to 10% of the circulating supply. Total crypto holdings hit $160M, including both BNB and Bitcoin, as part of its long-term treasury plan. Shares of Nano Labs fell 4.7%, despite the high-profile buy, signaling mixed investor sentiment. BNB is the target of an ambitious new initiative from Chinese microchip maker Nano Labs, as the company has officially begun executing…

Chinese firm completes first buy in effort to stockpile 10% of BNB – MAXBIT

SkyBridge Capital’s Anthony Scaramucci has doubts crypto treasuries have legs in the long run, arguing investors will start buying crypto instead of investing in companies that hold it. Chinese microchip firm Nano Labs has officially kicked off its plan to hold up to 10% of the total circulating supply of BNB, with its first purchase...

Nano Labs Makes First Purchase In Lofty BNB Stockpile Plan – #CryptoUpdatesGNIT

Chinese microchip firm Nano Labs has officially kicked off its plan to hold up to 10% of the total circulating supply of BNB, with its first purchase of $50 million of the asset.  Nano Labs reiterated on Thursday that its long-term goal is to purchase up to $1 billion worth of BNB (BNB) and hold between 5% and 10% of the total circulating supply. It said its recent purchase now puts the company’s holdings at roughly $160 million in BNB and Bitco…

Nano Labs Makes First Purchase In Lofty BNB Stockpile Plan - Data Intelligence

Chinese microchip firm Nano Labs has officially kicked off its plan to hold up to 10% of the total circulating supply of BNB, with its first purchase of $50 million of the asset.  Nano Labs reiterated on Thursday that its long-term goal is to purchase up to $1 billion worth of BNB (BNB) and hold between 5% and 10% of the total circulating supply. It said its recent purchase now puts the company’s holdings at roughly $160 million in BNB and Bitco…