Nano Labs (NA) Buys $50M of Binance's BNB in $1B Plan to Hold Up to 10% of Supply - adtechsolutions

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Nano Labs (NA) Buys $50M of Binance’s BNB in $1B Plan to Hold Up to 10% of Supply


Nano Labs (That)Chipmaker of the NASDAQ list, backed BNB worth about $ 50 million

Token, how it works on the goal of owning Up to 10% of the total offer.

The company based in Hong Kong said it Bought 74 315 BNB In an over -stock agreement at an average price of nearly $ 672.45, lift their total reserves on digital assets, including Bitcoins

to approximately $ 160 million.

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Purchase is the first main step in the Nano Labs plan to allocate up to $ 1 billion BNB, funded by partly through $ 500 million in convertible notes.

Nano Labs shares dropped by 4.7% on Thursday and after hours to $ 8.20 slipped by $ 2.15%.

The company is not alone in finding BNB accumulation as an asset of the Treasury. A group of former executives of Hedge funds at the end of last month revealed plans for Get $ 100 million Buy cryptocurrency via Shell on NASDAQ list.





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