$BNB Nano Labs, a Chinese company specialized in infrastructure for Web3, acquired 74,315 units of the cryptocurrency BNB for a value close to 50 million dollars. The purchase was made in the over-the-counter (OTC) market at an average price of 672.45 dollars per BNB.
With this operation, Nano Labs increases its reserves of digital assets, which already included bitcoin (BTC) and BNB, to about 160 million dollars. This is the first step of a more ambitious strategy: the company aims to acquire up to 1 billion dollars in BNB, through convertible notes and private placements.
According to Nano Labs, its long-term goal is to own between 5% and 10% of the circulating supply of BNB, the native cryptocurrency of the Binance ecosystem. This plan would involve removing a significant portion of the total supply from the market, which could exert upward pressure on the price of BNB in the medium or long term.
The company noted that it carefully assesses the security and long-term value of the asset before expanding its position. The bet on BNB adds to the strategy previously adopted with bitcoin, which had already been incorporated as a reserve asset.