Nano Labs increases BNB holdings to $90 million, plans further expansion

Nano Labs Ltd (NASDAQ: NA) expanded its BNB cryptocurrency holdings to approximately 120,000 tokens valued at $90 million, according to a company announcement.

The Web 3.0 infrastructure provider acquired an additional 45,684.9862 BNB through over-the-counter transactions at an average price of $764 per token. The company's total BNB position was acquired at an average cost of $707 per token.

Nano Labs stated it plans to strengthen its BNB strategic reserve through continued accumulation, acquiring controlling stakes in BNB-focused entities, and investing in companies that hold BNB as a core reserve asset.

The Hong Kong-based company develops high throughput computing and high performance computing chips. Nano Labs has positioned itself in the digital assets space, adopting BNB as its primary reserve asset alongside Bitcoin holdings.

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