Nano Labs Purchases $50M in BNB, Digital Asset Reserves Hit $160M

Nano Labs Buys 74,315 BNB in $50M Deal

Nano Labs Ltd (Nasdaq: NA), a leading Web3 infrastructure firm from China, has purchased 74,315 Binance Coin (BNB) tokens. The company made the transaction over-the-counter (OTC) at an average price of $672.45 per BNB. This $50 million purchase strengthens its digital asset strategy.

Total Reserves Climb to $160 Million

With this BNB acquisition, they are now holds around $160 million in crypto reserves. These include both Bitcoin and BNB. The purchase aligns with the company’s ongoing goal to build a stronger financial base for Web3 growth.

Nano Labs Aiming for $1B in BNB Holdings

They have plans to acquire as much as $1 billion in BNB over time. It will use convertible notes and private placements to achieve this. The company targets holding 5% to 10% of the token’s total supply.

This long-term strategy reflects their confidence in BNB’s value and role in blockchain ecosystems.

Strengthening Its Role in Web3

Nano Labs uses these crypto assets to support innovation in blockchain and Web3 products. The firm believes that holding more BNB will help fund new services, boost liquidity, and encourage broader ecosystem growth.

Furthermore, its growing crypto reserves may attract strategic partners and investors who value blockchain-native companies.