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 data-ct-non-breakable=”null” href=”https://www.globenewswire.com/news-release/2025/07/03/3109830/0/en/Nano-Labs-Has-Purchased-About-US-50-Million-BNB-Expands-Digital-Asset-Reserves-to-around-US-160-Million.html” rel=”noopener nofollow” target=”_blank” title=”null”>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 data-ct-non-breakable=”null” href=”https://investor.canaan-creative.com/news-releases/news-release-details/canaan-inc-announces-departure-two-its-directors” rel=”noopener nofollow” target=”_blank” title=”null”>expired on the…
