Nano Labs (NA) announced the purchase of 74,315 Binance Coin tokens through the OTC format at an average price of approximately $672.45, with a total transaction value of about $50M. Following this transaction, the Company’s cumulative reserve of mainstream digital currencies, including Bitcoin and BNB, has around $160M, marking a successful initial step in Nano Labs’ BNB strategic plan and underscoring its commitment to increasing BNB holdings over time. The Company committed to thoroughly evaluating the security and long-term value of BNB, aiming to acquire up to $1B worth of BNB through convertible notes and private placements in the initial phase. Over the long run, Nano Labs intends to hold 5% to 10% of BNB’s total circulating supply.
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