Nano Labs Buys $50M in BNB to Boost Crypto Reserves
Nano Labs has acquired over $50M in BNB, raising its digital asset reserves to about $160M.
- Nano Labs bought 74,315 BNB in an OTC deal.
- The average purchase price was around $672.45 per BNB.
- Its total crypto reserves now stand at roughly $160M.
In a bold move, Nano Labs Ltd (Nasdaq: NA) has significantly expanded its crypto holdings by purchasing over $50 million worth of Binance Coin (BNB). The acquisition was made through an over-the-counter (OTC) transaction, underlining the company’s confidence in the long-term value of digital assets.
Strategic Crypto Accumulation
Nano Labs revealed it had acquired 74,315 BNB at an average price of $672.45 per token. This large-scale purchase not only signals institutional trust in BNB but also positions Nano Labs among the more crypto-heavy public companies.
This investment raises the company’s total reserves in major digital assets—including Bitcoin and BNB—to approximately $160 million. It’s a clear indication that Nano Labs sees digital currencies as a core part of its asset strategy.
Why This Move Matters
The purchase comes at a time when the crypto market is experiencing increased institutional interest. By securing a large volume of BNB through OTC channels, Nano Labs avoided market slippage while reinforcing its crypto treasury.
For investors, this could be interpreted as a bullish signal—not just on BNB, but on the broader crypto market’s resilience and potential growth.
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