Chinese chip designer Nano Labs adds 50 million BNB to its cryptocurrency treasury.

2025-07-03 07:40:14

Abstract generation in progress

Nasdaq-listed chipmaker Nano Labs (mã NA) bought 74,315 BNB for about $50 million, bringing its total crypto reserves to about $160 million. This is the first time Nano has hoarded BNB after announcing a $500 million convertible bond program in June to buy BNB Chain’s native token. The company intends to hold between 5% and 10% of the circulating supply of BNB, or about $1 billion at current prices. Nano also owns around 1,000 BTC. Its shares have risen by nearly 200% following the announcement of the BNB strategy, but have fallen by more than 9% after announcing the recent accumulation of crypto funds. Nano was the first U.S. company to build a balance sheet around BNB.

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