Nano Labs Ltd (NA) announced the purchase of 74,315 Binance Coin tokens through the OTC format at an average price of approximately US$672.45.
The total transaction value was about US$50 million. Following this transaction, Nano Labs Ltd has a cumulative reserve of mainstream digital currencies, including Bitcoin and BNB, totaling around US$160 million.
This marks a successful initial step in the company’s BNB strategic plan.
The company committed to thoroughly evaluating the security and long-term value of Binance Coin.
It aims to acquire up to US$1 billion worth of BNB through convertible notes and private placements in the initial phase.
Over the long run, Nano Labs Ltd intends to hold between 5% and 10% of BNB’s total circulating supply.
