Nasdaq-listed Nano Labs (ticker: NA) has dramatically increased its Binance Coin (BNB) reserves to 120,000 tokens, valued at approximately $90 million, through recent over-the-counter (OTC) purchases. The company acquired an additional 45,684.9862 BNB at an average price of $764 per token, bringing its cumulative average acquisition cost to $707 per BNB.
This acquisition accelerates Nano Labs' strategic shift from chip manufacturing to blockchain infrastructure development, with BNB positioned as the cornerstone of its digital asset reserve. The move follows the company's June announcement of a $1 billion initiative to acquire 5-10% of BNB's circulating supply, signaling a long-term commitment to Web3 integration.
Nano Labs plans to further expand its BNB holdings through continued accumulation, investments in BNB-focused entities, and acquisitions of companies treating BNB as core treasury assets. This trend is gaining institutional traction, with firms like Windtree Therapeutics and 10X Capital establishing similar BNB reserves, endorsed by Binance co-founder Changpeng Zhao.