Nano Labs unleashes a storm in the crypto community, buys $50M in BNB and aims to dominate 10% of its Total Supply
#NanoLabs (NA), a prominent chip manufacturer listed on the Nasdaq based in Hong Kong, has taken a bold step in the crypto world by acquiring 74,315 tokens #bnb de #Binance for approximately $50 million in an over-the-counter (OTC) transaction, at an average price of $672.45 per token.
This maneuver elevates its total digital asset reserves, which include #bitcoin and BNB, to about $160 million, marking the start of an ambitious strategy to accumulate up to $1 billion in BNB.
The plan, partially funded with $500 million in convertible notes, aims to control between 5% and 10% of the total circulating supply of BNB, a move that could redefine its role as a corporate reserve asset.