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    Home»Crypto News»Nano Labs (NA) Buys $50M of Binance's BNB in $1B Plan to Maintain As much as 10% of Provide
    Nano Labs (NA) Buys M of Binance's BNB in B Plan to Maintain As much as 10% of Provide
    Crypto News

    Nano Labs (NA) Buys $50M of Binance's BNB in $1B Plan to Maintain As much as 10% of Provide

    By Crypto EditorJuly 4, 2025Updated:July 4, 2025No Comments1 Min Read
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    Nano Labs (NA), a Nasdaq-listed chipmaker, snapped up about $50 million value of Binance’s BNB

    token as it really works towards a objective of proudly owning as a lot as 10% of the overall provide.

    The Hong Kong-based firm stated it purchased 74,315 BNB in an over-the-counter deal at a mean value close to $672.45, lifting its whole digital asset reserves, together with bitcoin

    , to round $160 million.

    jwp-player-placeholder

    The acquisition marks the primary main step in Nano Labs’ plan to allocate as a lot as $1 billion to BNB, funded partly by means of $500 million in convertible notes.

    Nano Labs’ shares fell 4.7% on Thursday, and slipped one other 2.15% after hours to $8.20.

    The corporate isn’t alone in trying to accumulate BNB as a treasury reserve asset. A gaggle of former hedge-fund executives late final month revealed plans to lift $100 million to purchase the cryptocurrency by means of a Nasdaq-listed shell firm.





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