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Chinese microchip firm Nano Labs has officially kicked off its plan to hold up to 10% of the total circulating supply of BNB, with its first purchase of $50 million of the asset.
Nano Labs reiterated on Thursday that its long-term goal is to purchase up to $1 billion worth of BNB (BNB) and hold between 5% and 10% of the total circulating supply.
It said its recent purchase now puts the company’s holdings at roughly $160 million in BNB and Bitcoin (BTC).
Nano Labs was founded in 2019 by Kong Jianping and Sun Qifeng after their terms expired on the…
