The Chinese company Nano Labs bought $BNB for $50 million as part of a plan to accumulate up to 10% of the total token turnover. The company already holds BNB and BTC worth $160 million. Against the backdrop of the cryptocurrency purchase, its shares fell by nearly 7%.
The founders of Nano Labs previously worked at the miner Canaan, and the company itself is engaged in the creation of high-performance chips. It is worth noting that earlier, SkyBridge CEO Anthony Scaramucci expressed doubts about the effectiveness of businesses with cryptocurrency reserves.
