🚨 TITANIC MOVEMENT IN #BNB ! 🤯 NANO LABS STARTS ITS PLAN TO OWN 10% OF THE SUPPLY WITH MILLION-DOLLAR PURCHASE! 💥🤔
📢 The Chinese microchip giant, Nano Labs, has struck the first blow in its ambitious plan to capture 10% of the total supply in BNB! 💰 With an initial purchase of $50 MILLION, the company already accumulates $160 million in BNB and Bitcoin reserves. Its ultimate goal is a massive investment of $1,000 MILLION in $BNB ! 🚀 Founded by former executives of Canaan, Nano Labs, now publicly traded, seems to be betting heavily on the currency of #Binance .
However, the move has not impressed everyone. Despite an initial surge of 106% in its shares upon announcing the plan, Nano Labs' stock fell more than 4.7% after this first purchase! 📉 And BNB, for its part, barely registered a slight increase of 0.3%. With 10% of the BNB supply valued at approximately $926 million, Nano Labs has a long way to go! 🛣️
But the controversy doesn’t end there. Anthony Scaramucci of SkyBridge Capital drops a bomb: he doubts the long-term success of these "corporate crypto treasuries"! 💡 He argues that if a company invests most of its capital in Bitcoin or BNB, investors will simply prefer to buy the cryptocurrency directly to avoid the operational costs and inefficiencies of the company 🤔
🤔 Do you think this corporate accumulation strategy is a bold step towards the mass adoption of cryptocurrencies, validating their role as treasury assets? 👇💬
