Nano Labs expands BNB holdings to over $108M

Nano Labs, a Nasdaq-listed semiconductor manufacturer focused on crypto mining in China, announced on X that it has increased its BNB holdings to 128,000, bringing the total estimated value of its BNB reserves to more than $108 million based on a current price of $850 per token. The company said this move represents further progress in its long-term BNB reserve strategy, which includes continued accumulation, majority ownership of BNB-focused entities and strategic investments within the BNB ecosystem.