Nano Labs has acquired $50 million more worth of BNB tokens, bringing its cryptocurrency holdings to about $160 million.
The BNB price did not surge significantly on the news of Nano Labs' purchase, but it appears to be poised for a bullish breakout.
The company aims to accumulate up to $1 billion worth of BNB through convertible notes and private placements as part of a long-term treasury strategy.
BNB price is currently trading around $663 with a market capitalization exceeding $93.5 billion, and technical indicators suggest potential gains ahead, with price forecasts pointing to significant highs in the future.