Nano Labs’ $50 Million BNB Purchase Fails to Lift Stock, Price Drops 4.7%

Nano Labs, a Chinese Web 3. 0 infrastructure and product solution provider, announced today that it has acquired $50 million worth of BNB, the native cryptocurrency of the BNB Chain.   After the completion of this transaction, the company’s total digital asset reserves, including Bitcoin (BTC) and BNB, amount to approximately $160 million. Nano Labs Buys $50 Million in BNB According to the press release, the company acquired 74,315 BNB at an average price of $672 source: https://beincrypto.com/nano-labs-buys-50-million-bnb/