US-listed Nano Labs "Holds 120,000 Binance Coin in Reserve"

Source
Son Min

Summary

  • Nano Labs announced it is holding 120,000 units of Binance Coin (BNB) worth approximately $90 million in reserve.
  • Nano Labs stated that it plans to further strengthen its BNB accumulation strategy.
  • Recently, the price of BNB was reported at $790, down 1.90% compared to 24 hours ago.

Nano Labs, a Nasdaq-listed semiconductor manufacturer specializing in mining, has disclosed its reserves of Binance Coin (BNB).

On the 22nd (local time), Nano Labs announced via X (formerly Twitter), "We currently hold 120,000 BNB worth about $90 million," adding, "The average purchase price per coin is $707." The company further stated that it "plans to strengthen its BNB accumulation strategy." Previously, Nano Labs had issued convertible bonds worth $500 million for strategic BNB reserves.

Meanwhile, as of 10:53 PM, BNB is trading at $790, down 1.90% from 24 hours ago on the Binance USDT market.

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Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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