Nano Labs, a Web 3.0 infrastructure provider listed on Nasdaq, has announced the acquisition of 74,315 Binance Coins (BNB) through the over-the-counter market.
Purchase of BNB by Nano Labs
Nano Labs revealed that the transaction amounted to approximately $50 million, with an average unit price of $672.45.
Strategic Goals and Plans
In its press release, the company described this acquisition as 'the first step of the BNB strategic plan' and reaffirmed its commitment to increasing its BNB holdings in the long term.
BNB and Bitcoin Market Overview
According to the company, its total reserves in digital assets such as Bitcoin and BNB reached $160 million. BNB's price has lost about 1% of its value in the last month, while Bitcoin's price has increased by approximately 3%.
In conclusion, Nano Labs is making significant moves to increase its holdings in the cryptocurrency space, with plans for further investments in BNB.
