Nano Labs, an infrastructure provider and Chinese products 3.0, announced today that it has received $ 50 million from BNB, the original cryptocurrency of the BNB series.
After completing this deal, the total company’s digital reserves, including Bitcoin (BTC) and BNB, are about $ 160 million.
Nano Labs buy $ 50 million in BNB
According to the press statement, the company acquired 74,315 BNB at an average price of $ 672.45 per coin. The deal was implemented by a non -prescription deal (OTC).
The $ 50 million acquisition is the first step in the broader Nano Labs goal of building a billion dollar BNB reserve. In line with this, Beincrypto said earlier that the company launched a 500 million dollar transfer offer. Notes can be converted into category A shares at $ 20 per share.
“In the long run, Nano Labs intends to keep 5 % to 10 % of the total BNB supplies,” the press statement Read.
Meanwhile, Nano Labs is not alone in using BNB as a backup asset. Earlier this year, GMC’s mental city included BNB, along with Bitcoin and Ethereum in its reserves.
This reflects a wider direction as companies seek to diversify their reserves until after the largest cryptocurrencies. In 2025, assets such as Solana (Sol), XRP (XRP) and Hyperlequid (HYPE) and more institutional interest were attracted, as companies are increasingly integrated into their financial strategies.
However, the purchase of Nano Labs’ BNB did nothing to boost stock prices, which has decreased since last week. While BNB Treasury Declaration led to a 100 % increase on June 24, NA has cast all its gains.
according to Data From Google Finance, stock prices decreased by 4.7 % on the market. The decline continued to circulate after hours, with an additional 2.1 % decrease. Despite this, BNB shadow is not affected.
Beincrypto data revealed that Altcoin is estimated at 0.19 % during the past day for trade at $ 661.2. Last week, the price increased by 2.6 %.
The post -Nano Labs purchase of $ 50 million failed to raise shares, and prices have appeared by 4.7 % on Beincrypto.
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2025-07-04 05:32:00
