Nano Labs Ltd announced a BNB holdings increase to 128,000 tokens, valued over $108 million, enhancing its strategic BNB reserve.
Quiver AI Summary
Nano Labs Ltd, a prominent Web 3.0 infrastructure provider in China, announced a notable increase in its BNB holdings to 128,000 tokens, valued at over $108 million at the current market price of $850 per token. This follows the company's recent acquisition of an additional 8,000 BNB through an OTC transaction at an average price of $801 per token. With an average acquisition cost of $713 per token, Nano Labs aims to enhance its position within the BNB ecosystem through continued accumulation, strategic investments in companies focused on BNB reserves, and involvement with BNB-centric enterprises. The company is also committed to developing high throughput and high performance computing chips, integrating digital asset management into its business strategy.
Potential Positives
- Nano Labs increased its BNB holdings to 128,000 tokens, valued at over US$108 million, highlighting a robust strategic reserve.
- The recent acquisition of 8,000 additional BNB tokens demonstrates active investment in digital assets and a strong commitment to the BNB ecosystem.
- The company's plan to further strengthen its position through continued BNB accumulation and investments in BNB-focused enterprises indicates a proactive growth strategy.
Potential Negatives
- Increasing reliance on BNB as a primary reserve asset exposes the company to market volatility and potential losses if BNB's value declines.
- The acquisition of BNB tokens at an average price higher than the currently stated market price may reflect a poor timing strategy, leading to financial strain.
- Plans to acquire controlling interests in companies focused on BNB reserves may divert resources and focus from core operations, increasing operational risks.
FAQ
What recent acquisition did Nano Labs make regarding BNB tokens?
Nano Labs acquired an additional 8,000 BNB tokens through an OTC transaction.
How many BNB tokens does Nano Labs currently hold?
Nano Labs currently holds approximately 128,000 BNB tokens in total.
What is the total market value of Nano Labs' BNB holdings?
The total market value of Nano Labs' BNB holdings exceeds US$108 million based on current market prices.
What is Nano Labs' strategy for BNB accumulation?
Nano Labs plans to strengthen its strategic position within the BNB ecosystem through continued accumulation and investments.
What type of solutions does Nano Labs provide?
Nano Labs offers Web 3.0 infrastructure, HTC chips, HPC chips, and integrates digital asset solutions.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$NA Insider Trading Activity
$NA insiders have traded $NA stock on the open market 4 times in the past 6 months. Of those trades, 1 have been purchases and 3 have been sales.
Here’s a breakdown of recent trading of $NA stock by insiders over the last 6 months:
- BARRY S STERNLICHT sold 811,079 shares for an estimated $17,421,976
- AUSTIN NOWLIN sold 11,743 shares for an estimated $252,239
- JOSEPH NIETO (Chief Financial Officer) sold 2,928 shares for an estimated $62,893
- GEORGE JR PAPPI (President of the Board and CEO) purchased 1 shares for an estimated $58,000
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
Full Release
HONG KONG, July 28, 2025 (GLOBE NEWSWIRE) -- Nano Labs Ltd (Nasdaq: NA) (“we,” the “Company” or “Nano Labs”), a leading Web 3.0 infrastructure and product solution provider in China, today announced a significant increase of its BNB holdings to 128,000 tokens. Based on the current market price of US$850 per BNB, the total value of the Company’s BNB strategic reserve now exceeds US$108 million. This marks the latest advancement in Nano Labs’ long-term BNB reserve strategy.
The Company recently acquired an additional 8,000 BNB tokens through an over-the-counter (OTC) transaction at an average purchase price of approximately US$801 per token. As of the date of this announcement, Nano Labs holds approximately 128,000 BNB tokens in total, with an average acquisition cost of US$713 per token. Based on the current market price, the total market value of these holdings is approximately US$108 million.
Looking ahead, Nano Labs plans to further strengthen its strategic position within the BNB ecosystem through a multi-pronged approach. This includes continued BNB accumulation, acquiring controlling interests in companies focused exclusively on BNB reserves, and investing in leading BNB-centric enterprises.
About Nano Labs Ltd
Nano Labs Ltd is a leading Web 3.0 infrastructure and product solution provider in China. Nano Labs is committed to the development of high throughput computing (“HTC”) chips and high performance computing (“HPC”) chips. Nano Labs has built a comprehensive flow processing unit (“FPU”) architecture which offers solution that integrates the features of both HTC and HPC. In addition, Nano Labs has actively positioned itself in the digital assets space, adopting BNB as its primary reserve asset. It has reserved in mainstream digital currencies including BNB and BTC, and established an integrated platform covering multiple business verticals, including HTC solutions and HPC solutions*. For more information, please visit the Company’s website at: ir.nano.cn .
* According to an industry report prepared by Frost & Sullivan.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, the Company’s plan to appeal the Staff’s determination, which can be identified by terminology such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Such statements are based upon management’s current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control, which may cause the Company’s actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.
For investor inquiries, please contact:
Nano Labs Ltd
[email protected]
Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email:
[email protected]