Nano Labs (Nasdaq: NA), a leading Web 3.0 infrastructure provider, has significantly bolstered its digital asset reserves by acquiring 74,315 Binance Coin (BNB) tokens worth approximately $50 million** via an over-the-counter (OTC) transaction. This strategic move elevates the company’s total cryptocurrency holdings—including Bitcoin and BNB—to **$160 million, marking a milestone in its BNB accumulation strategy.
Key Highlights of the Transaction
- Purchase Volume: 74,315 BNB tokens at an average price of ~$672.75 per token.
- Total Reserve Value: $160 million across Bitcoin and BNB.
- Long-Term Goal: Nano Labs aims to hold 5%–10% of BNB’s circulating supply through phased acquisitions.
Strategic Rationale
Nano Labs emphasizes BNB’s security and long-term value, aligning with its vision to diversify and strengthen its digital asset portfolio. The company plans further BNB acquisitions via convertible notes and private placements, reinforcing its position in the Web 3.0 ecosystem.
About Nano Labs
Nano Labs specializes in high-throughput computing (HTC) and high-performance computing (HPC) chips, leveraging its proprietary FPU architecture to merge HTC and HPC functionalities. Its flagship Cuckoo series chips offer alternatives to traditional GPUs, positioning Nano Labs as a pioneer in near-memory HTC solutions.
Core Business Verticals:
- HTC Solutions: Cuckoo series chips for efficient ASIC alternatives.
- HPC Solutions: Advanced computing for data-intensive applications.
- Bitcoin Reserves: Adopted as a primary reserve asset for value stability.
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FAQs
Q1: Why did Nano Labs choose BNB for its reserves?
A: BNB’s robust ecosystem, liquidity, and long-term growth potential align with Nano Labs’ investment strategy.
Q2: How will Nano Labs acquire more BNB?
A: Through convertible notes, private placements, and phased market purchases.
Q3: What’s the significance of the $160 million reserve?
A: It enhances financial flexibility and underscores confidence in crypto as a strategic asset.
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Disclaimer: Forward-looking statements involve risks. For details, refer to Nano Labs’ SEC filings.
Investor Contact:
- Email: [email protected]
- Ascent Investor Relations: +1-646-932-7242 | [email protected]
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