US-Listed Nano Lab Purchases Additional Cryptocurrency BNB for 7.2 Billion Yen

Nano Lab, a semiconductor manufacturer listed on the US Nasdaq (Ticker: NA), announced on July 3rd that it purchased 74,315 BNB for approximately $50 million (7.2 billion yen). The average purchase price was $672.45, and the company's cryptocurrency reserves are estimated to have reached about $160 million. This purchase marks the initial acquisition under the $500 million convertible bond program announced on June 24th. Nano Lab positions BNB, the native token of the BNB Chain, as a core treasury asset, aiming to hold 5-10% of its circulating supply. The company is a major player in China's Web3 infrastructure and product solutions...