Nano Labs Makes First Purchase In Lofty BNB Stockpile Plan

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Chinese microchip firm Nano Labs has officially kicked off its plan to hold up to 10% of the total circulating supply of BNB, with its first purchase of $50 million of the asset. 

Nano Labs reiterated on Thursday that its long-term goal is to purchase up to $1 billion worth of BNB (BNB) and hold between 5% and 10% of the total circulating supply.

It said its recent purchase now puts the company’s holdings at roughly $160 million in BNB and Bitcoin (BTC). 

Nano Labs was founded in 2019 by Kong Jianping and Sun Qifeng after their terms expired on the…



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Nano Labs Makes First Purchase In Lofty BNB Stockpile Plan


Chinese microchip firm Nano Labs has officially kicked off its plan to hold up to 10% of the total circulating supply of BNB, with its first purchase of $50 million of the asset. 

Nano Labs reiterated on Thursday that its long-term goal is to purchase up to $1 billion worth of BNB (BNB) and hold between 5% and 10% of the total circulating supply.

It said its recent purchase now puts the company’s holdings at roughly $160 million in BNB and Bitcoin (BTC). 

Nano Labs was founded in 2019 by Kong Jianping and Sun Qifeng after their terms expired on the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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