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Nano Labs (NA) Buys $50M of Binance's BNB in $1B Plan to Hold Up to 10% of Supply

Summary by Coin Desk
Nano Labs (NA), a Nasdaq-listed chipmaker, snapped up about $50 million worth of Binance’s BNB (BNB) token as it works toward a goal of owning as much as 10% of the total supply.The Hong Kong-based company said it bought 74,315 BNB in an over-the-counter deal at an average price near $672.45, lifting its total digital asset reserves, including bitcoin (BTC), to around $160 million.The purchase marks the first major step in Nano Labs’ plan to all…

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The Chinese giant Nano Labs is embarking on an extreme crypto strategy: owning 10% of the entire BNB. All details in this article! Read more A Chinese company wants to build a BNB cash flow of $1 billion! appeared first on Cointribune.

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crypto.news broke the news in on Thursday, July 3, 2025.
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