🚨 Nano Labs Expands $BNB Treasury to $90M
🔥 Nano Labs has ramped up its #Binance Coin treasury reserve to $90 million, acquiring an additional 45,685 #BNB (worth $34.8M) via OTC at an average of $764 per token.
📊 The Nasdaq-listed web3 infrastructure firm has been strategically building its BNB holdings since June, aiming to eventually hold 5–10% of BNB’s circulating supply. The average entry price across all purchases is $707.
⚡ This move is part of a broader $1B BNB acquisition plan backed by a $500M convertible note deal. Nano Labs also intends to invest in and acquire BNB-focused firms as part of its treasury strategy.
📰 Other players are joining in:
🔸 Windtree Therapeutics is targeting $200M in BNB holdings
🔸 10X Capital, backed by YZi Labs, is pushing for a new BNB treasury company
Binance co-founder CZ has publicly supported these growing BNB treasury initiatives.