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Nano Labs Ltd (NA) increased its BNB token holdings to 128,000 tokens valued at approximately $108 million based on current market prices, according to a company statement.
The Web 3.0 infrastructure provider acquired an additional 8,000 BNB tokens through an over-the-counter transaction at an average price of $801 per token. The company’s total BNB holdings have an average acquisition cost of $713 per token, with the current market price at $850 per BNB.
Nano Labs stated it plans to strengthen its position in the BNB ecosystem through continued token accumulation, acquiring controlling interests in companies focused on BNB reserves, and investing in BNB-centric enterprises.
The Hong Kong-based company develops high throughput computing and high performance computing chips, and has positioned itself in the digital assets space with BNB as its primary reserve asset. Nano Labs also holds reserves in other digital currencies including Bitcoin.