On July 4, 2025, Nano Labs Ltd. acquired approximately 74,315 Binance Coin (BNB) tokens for about $50 million. This purchase, executed via over-the-counter transactions, brings the company's total digital currency reserves to around $160 million. (Source: Investing.com, Nasdaq, Coindesk)
The average price per token was approximately $672.45. This is the initial phase of a plan to acquire up to $1 billion worth of BNB. Nano Labs aims to hold between 5% and 10% of BNB's total circulating supply long-term. (Source: Investing.com, Nasdaq, Coindesk)
BNB, with a market capitalization of $93 billion and a circulating supply of 145.9 million, traded at $659.40 on July 7, 2025, down 0.46% for the day. Buyers were active around $659.45, while sellers capped advances around $664.38. (Source: Investing.com, Nasdaq, Coindesk)