š Nano Labs Invests $50M into $BNB , Plans $1B Treasury
Nano Labs, a Hong Kong-listed chipmaker, has purchased 74,315 $BNB (~$50 million) at an average price of $672.45 per coin, part of a broader initiative to allocate up to $1āÆbillion in BNB holdingsātargeting 5ā10% of total supply.
This move lifted Nano Labs' digital asset reserves to approximately $160 million and has triggered wider institutional interest.
Following the announcement, Nano Labsā stock doubled, while $BNB
saw a ~2.7% uptick.