Nano Labs Ltd. continues to expand its digital assets with a recent significant purchase of Binance Coin (BNB).
Acquisition of BNB Tokens
Nano Labs Ltd., a Chinese company specializing in mining chip production and Web3 infrastructure, has acquired 74,315 tokens of BNB at an average price of $672.45 per coin. The total value of this transaction is approximately $50 million.
Company Reserves and Future Plans
According to the latest data from BitcoinTreasures, Nano Labs now holds 1,000 BTC, ranking it 31st in corporate treasury holdings. Consequently, the company's total digital currency reserves have reached about $160 million, including both BNB and Bitcoin. Nano Labs also plans to apply for a stablecoin license in Hong Kong, focusing on creating regulatory frameworks for BTC and BNB.
Impact on the Cryptocurrency Market
This move positions Nano Labs as the first publicly traded company to hold BNB in its reserves. Binance founder Changpeng Zhao (CZ) has expressed support for the initiative but noted that neither he nor his affiliates participated in the fundraising. Previously, the company also announced its acceptance of Bitcoin payments.
In summary, Nano Labs' proactive expansion of digital assets indicates shifting trends in the market and a commitment to embracing advanced financial technologies.
