BNB investor Nano Labs to buy back up to $25M in shares

The board of directors of Nano Labs, a Nasdaq-listed Chinese mining semiconductor manufacturer, announced on Oct. 15 that it has approved a share repurchase program of up to $25 million over the next 12 months. The company is known to hold a number of cryptocurrencies, including BNB and BTC, after announcing plans in June to add BNB to its corporate treasury.