Nano Labs, Chinese company specialized in web3 infrastructure, acquired 74,315 units of the BNB cryptocurrency for a value close to 50 million dollars. The purchase was made in the extraburstile market (OTC) at an average price of $ 672.45 per BNB.
With this operation, Nano Labs raises their digital asset reserves, among which were already Bitcoin (BTC) and BNB, about 160 million dollars. This is the first step of a more ambitious strategy: the company aims to acquire up to 1 billion dollars in BNB, through convertible notes and private placements.
According to declared Nano labs, Its long -term objective is to possess between 5% and 10% of the BNB circulating supplynative cryptocurrency of the Binance ecosystem. This plan would imply withdrawing from the market a significant part of the total supply, which could exert upward pressure on the price of BNB in the medium or long term.
The company said that carefully evaluates the safety and long -term value of the asset before expanding its position. The commitment to BNB adds to the strategy previously adopted with Bitcoin, which had already been incorporated as a reserve asset.
Nano Labs quotes at the Nasdaq under the ticket and develops high performance computing solutions and custom chips, aimed at improving web3 infrastructure.
As cryptootics reported it, it was June 24 when Nano Labs announced its BNB purchase strategy. In the following graph, provided by TrainingViewyou can see how the price of the company’s action (NA) has moved since then:
As can be seen in the image above, The market – at least, so far – has not received very well the diversification strategy with cryptocurrencies From Nano Labs, because the price of his shares took a marked bearish trend since then.
