July 5, 2025
Nano Labs Buys $ 50m in BNB in ​​$ 1b Plan to Hold Up To 10% Of Supple thumbnail
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Nano Labs Buys $ 50m in BNB in ​​$ 1b Plan to Hold Up To 10% Of Supple

The Purchase Is Part of A Larger Plan and Brings Nano Labs’ Total Digital Asset Reserves to AROUND $ 160 Million.”, – WRITE: www.coindesk.com

The Purchase Is Part of A Larger Plan and Brings Nano Labs’ Total Digital Asset Reserves to AROUND $ 160 Million. Jul 4, 2025, 10:43 AM

Nano Labs (Na), A NASDAQ-Lited Chipmaker, Snapped Up About $ 50 Million Wrth of Binance’s BNB

token as it works to Toward A Goal of Owning As Much As 10% of the Total Supple.

The Hong Kong-Based Company SAID IT BOUGHT 74,315 bnb in an over-the-bounter deal at an average price near

to around $ 160 Million.

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The Purchase Marks The FIRST Major Step in Nano Labs’ Plan to AlloCate As Much As $ 1 Billion To Bnb, Funded Partly Through $ 500 Million in Convertible Notes.

Nano Labs’ Shares Fell 4.7% on Thursday, and Slipped Another 2.15% After Hours to $ 8.20.

The Company Isn’s Aloming to Accuumulate Bnb As A Treasury Reserve Asset. A Group of Former Hedge-Fund Executives Late Last Month Revealed Plans to Raise $ 100 Million to Buy The Cryptocurrency Through A NASDAQ-Listed Shell Company.

Francisco Rodrigues

Francisco is a reporter for coindesk with a passion for Cryptocurrencies and Personal Finance. Before joining coindesk he worked at Major Financial and Crypto Publications. He OWNS BITCOIN, Ether, Solana, and Paxg Above Coindesk’s $ 1,000 Disclosure Thrasld.

Francisco Rodrigues

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