Altcoin BNB Nano Labs drops $50M on 74,315 BNB tokens targeting $1B holdings and 5-10% supply dominance as first public company to stockpile Binance Coin. Crypto Journalist Anas Hassan Crypto Journalist Anas Hassan About Author Anas is a crypto native journalist and SEO writer with over five years of writing experience covering blockchain, crypto, DeFi, and emerging tech. Author Profile Share Copied Last updated: July 3, 2025 Why Trust Cryptonews Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews Nano Labs Ltd, a Web3 infrastructure and product solutions provider based in China, announced today the acquisition of 74,315 Binance Coin (BNB) tokens via over-the-counter (OTC) transactions at an average price of approximately $672.45 per token, representing a total investment of roughly $50 million. The purchase brings the company’s total digital asset reserves, encompassing Bitcoin and BNB holdings, to approximately $160 million, representing a major milestone in Nano Labs’ strategic BNB accumulation plan. According to a July 3 press release, the Hong Kong-listed company plans to acquire up to $1 billion worth of BNB through convertible notes and private placements during the initial phase. Nano Labs’ BNB Holdings Position It as First Public Company to Stockpile Binance Coin. In the long term, Nano Labs intends to control between 5% and 10% of BNB’s total circulating supply. The company previously entered into a $500 million convertible note agreement on June 24 to support BNB accumulation efforts. At that time, Nano Labs... https://cryptonews.com/news/nano-labs-bnb-1b-treasury-target/ #crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptonewstoday ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research. bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple
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