Nano Labs Splashes $50M on BNB—You Won’t Believe Their Staggering Crypto Stash!

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In a move with all the subtlety of a bull in a baccarat salon, Nano Labs has swept up no fewer than 74,315 BNB tokens for a cheeky $50 million, puffing its digital cash cushion to a rather eyebrow-raising $160 million. Word is, they’re not done—there’s a long-range BNB hoarding plan afoot, the kind that would impress even the greediest of magpies. 💰✨

China’s Nano Labs Whirls into BNB High Society, Drops $50 Million Like It’s Loose Change

Nano Labs Ltd (Nasdaq: NA), that frequently-discussed creature in China’s web3 menagerie, has flung approximately $50 million at precisely 74,315 BNB tokens, paying a not-at-all modest $672.45 each. Presumably someone at HQ is already composing a ballad about risk.

According to their very official announcement, Nano Labs’ digital treasure chest (stuffed with bitcoin and lashings of BNB) now weighs in at a cool $160 million. This, apparently, is the opening act of what the company’s calling its grand BNB-centric treasury opera—let’s just hope the fat lady isn’t singing yet. 🎭

And now, for the drama: Nano Labs previously let slip they intend to scale up their BNB stockpile to a princely $1 billion during “initial accumulation.” Ambitious? Darling, understatement of the century. The dream is to own fully 5% to 10% of BNB’s entire circulating supply—which, frankly, is enough to make most crypto whales blush demurely behind their fins.

Their recent binge is being read as an ostentatious show of faith in BNB as the belle of the digital asset ball. Nano Labs, the irrepressible darlings, are aiming to fit out the front row of web3’s financial pantomime, vowing to scrutinise BNB’s security with a jeweller’s loupe before scooping up more via convertible notes and private deals. After all, when you’re playing at this level, who brings small change?

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2025-07-06 00:37