Nano Labs acquires $50 million worth of Binance Coin (BNB) in an OTC deal to expand its crypto reserves, bringing its total holdings to nearly $160 million.
The company aims to increase its BNB exposure to up to $1 billion, targeting 5-10% of the coin's circulating supply.
BNB price remains stable post-acquisition, with analysts predicting a potential rise to $816.
Nano Labs joins the trend of tech firms bolstering their balance sheets with crypto assets, signaling confidence in the future of digital currencies.