🚀 Impact on BNB! Nano Labs Starts a Huge Accumulation Plan of $1 Billion in BNB with an Initial Purchase of $50 Million 💥
Attention, crypto community! Confirmation of the bold move by Nano Labs (Nasdaq: NA), a leading Web 3.0 infrastructure company based in China. They have initiated an ambitious plan to accumulate up to $1 billion in Binance Coin (BNB), starting with an initial purchase of approximately $50 million USD.
The most interesting part of this news is that Nano Labs acquired 74,315 BNB tokens at an average price of $672.45 USD per token through OTC (Over-The-Counter) transactions. This initial purchase raises their total reserves of digital coins (including Bitcoin and BNB) to about $160 million USD.
Why is this so significant?
* Giant Bet on BNB: This $1 billion plan demonstrates massive strategic confidence in the long-term value of BNB. Nano Labs aims to accumulate between 5% and 10% of the total circulating supply of BNB, a considerable position that could have a substantial impact on the market.
* Pioneer Among Public Companies: Nano Labs is positioning itself as the first publicly listed company in the U.S. to anchor a significant part of its treasury in BNB, unlike the common trend of accumulating Bitcoin or Ethereum.
* Innovative Financing: The company plans to finance this mega-acquisition through convertible notes and private placements, including a previously announced $500 million agreement in zero-interest convertible notes.
* Shift in Focus: This move also signals a possible strategic shift for Nano Labs, pivoting from its traditional hardware business (chip design) towards greater integration and exposure to digital assets, reflecting the evolution of the technological and financial landscape. We will be keeping an eye on how this plan unfolds!
Press releases from Nano Labs Ltd.
Ohana 💙