Nano Labs Ltd, a Web 3.0 infrastructure provider, has increased its BNB cryptocurrency holdings to approximately 120,000 tokens valued at $90 million, according to a recent company announcement.
The Hong Kong-based firm acquired an additional 45,684.9862 BNB via over-the-counter transactions at an average price of $764 per token, bringing its overall average acquisition cost to $707 per BNB.
Nano Labs plans to further strengthen its BNB strategic reserve by continuing token accumulation, acquiring controlling stakes in BNB-focused companies, and investing in firms holding BNB as a core reserve asset.
Specializing in high throughput and high performance computing chip development, Nano Labs has positioned itself in the digital assets space by adopting BNB as its primary reserve asset alongside Bitcoin.