- Nano Labs has grown its BNB reserve to 120,000 tokens, now worth close to $90 million.
- The firm plans to hold up to 10% of BNB’s supply through steady purchases and deals.
- The firm purchased 45,684 BNB OTC at an average price of $764 per token, boosting its holdings.
Nano Labs Ltd. has confirmed the expansion of its cryptocurrency reserve to approximately 120,000.00 BNB, valued at about $90 million. The acquisition marks a significant milestone in the company’s transition from hardware to digital assets, reflecting a comprehensive upgrade of its BNB strategic reserve plan. In recent transactions, Nano Labs purchased 45,684.9862 BNB over-the-counter at an average price of $764 per token, boosting its average total cost to $707 per BNB.
The company’s move follows an earlier announcement made on July 3, where it launched a $1 billion plan aimed at acquiring up to 10% of BNB’s total supply. At that time, Nano Labs held $160 million in digital assets and disclosed plans to increase its crypto reserves significantly.
From Chip Maker to Web3 Infrastructure Leader
Nano Labs, whose headquarters are located in Hong Kong, was started in 2019 by Kong Jianping and Sun Qifeng following their exit from the board of Canaan. Originally established to develop high-throughput computing and high-performance computing chips, the firm has shifted to a broader Web3 infrastructure focus.
The company has built a comprehensive Flow Processing Unit (FPU) architecture. This system combines features of both HTC and HPC chips and underpins Nano Labs’ commitment to solving computing bottlenecks. While hardware remains part of its portfolio, its future plans now prioritize digital assets and blockchain integration.
Long-Term Digital Reserve Vision Centered on BNB
Nano Labs is actively developing a long-term reserve model focused on BNB as a primary asset. The company seeks to establish a dominant position in the BNB ecosystem by building strategic partnerships, investing in reserve-driven firms, and continuing large-scale accumulation.
The firm has not only outlined its interest in BNB reserve buildup but also its intent to lead industry standards in altcoin-based treasuries. It views BNB as a viable reserve comparable to traditional assets, with plans to structure reserve entities that depend heavily on the token.
Related: Nano Labs Begins $1B BNB Reserve Plan With $50M First Buy
Stock Performance Remains Flat Ahead of Reserve Push
According to Google Finance, Nano Labs Ltd. (NASDAQ: NA) closed at $7.48 on July 22, with no change from the previous session. Pre-market data showed a minor increase to $7.50, marking a 0.27% rise or $0.02 gain. During the day’s trading, the stock peaked near $8.40 before dropping below $7.00 by midday. It later stabilized near the closing mark.
Nano Labs holds a market capitalization of $176.32 million with an average daily volume of 1.09 million shares. Over the past year, the stock has ranged from a low of $2.75 to a high of $31.48. It currently reports no dividend yield or price-to-earnings (P/E) ratio and trades exclusively on the NASDAQ.
