Nano Labs Boosts Digital Reserves with $50M BNB Acquisition, Eyes Bigger Stake
The post Nano Labs Boosts Digital Reserves with $50M BNB Acquisition, Eyes Bigger Stake appeared on BitcoinEthereumNews.com.
TLDR: Nano Labs adds 74K BNB in a $50M OTC deal to expand its crypto reserves. Total holdings hit $160M, including Bitcoin and Binance Coin. Company eyes up to $1B in BNB exposure, targeting 5–10% of supply. BNB price holds steady, with analysts forecasting potential rise to $816. Nano Labs has added $50 million worth of Binance Coin (BNB) to its growing crypto reserve, strengthening its position in the digital asset space. The purchase reflects a strategic move as the company works toward holding a major share of BNB’s circulating supply. With this addition, the firm’s reserve of mainstream cryptocurrencies now stands near $160 million. The company also revealed broader plans to invest significantly more into BNB. This development positions Nano Labs as a major institutional player in the crypto accumulation trend. Nano Labs OTC Purchase Pushes Reserve to $160 Million According to a press release, Nano Labs acquired 74,315 BNB tokens through an over-the-counter deal. The average cost per token was around $672.45, making the total investment close to $50 million. This move increased the company’s total crypto holdings to roughly $160 million, covering assets like Bitcoin and BNB. Nano Labs stated the purchase is part of a long-term strategy to increase its exposure to BNB. The company intends to gradually scale its holdings using convertible notes and private placements as part of its initial investment phase. BREAKING Nano Labs just acquired approximately $50M worth of $BNB via OTC — bringing our mainstream digital asset reserve to around $160M. https://t.co/MrgpeSN0NB pic.twitter.com/XvrlnsqtMC — Nano Labs (@NanoLabsLtd) July 3, 2025 Beyond the latest transaction, Nano Labs is setting ambitious targets for its BNB accumulation. The firm plans to buy up to $1 billion worth of BNB over time, pending market conditions and internal evaluations. The stated aim is to eventually hold…
Filed under: News - @ July 4, 2025 1:28 pm