China’s Nano Labs Accelerates BNB Strategy With $50 Million Purchase

Nano Labs Ltd (Nasdaq: NA), a prominent Chinese web3 infrastructure provider, has acquired 74,315 BNB tokens, investing roughly $50 million at an average price of $672.45 per token.

According to the announcement, this purchase brings the company’s total digital asset reserve, including bitcoin and BNB, to approximately $160 million. This acquisition marks a critical first step in Nano Labs’ broader BNB-focused treasury strategy.

The company previously announced plans to scale its BNB holdings to as much as $1 billion in value during its initial accumulation phase. Over time, Nano Labs aims to hold between 5% and 10% of BNB’s total circulating supply, underscoring its long-term commitment to the token.

The move signals growing confidence in BNB as a strategic asset and highlights Nano Labs’ ambition to position itself at the forefront of web3 finance and infrastructure. The company continues to evaluate BNB’s security and utility as it pursues further acquisitions through convertible notes and private placements.

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