{"id":35204,"date":"2025-07-04T11:31:56","date_gmt":"2025-07-04T11:31:56","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=35204"},"modified":"2025-07-04T11:31:56","modified_gmt":"2025-07-04T11:31:56","slug":"nano-labs-buys-50m-in-bnb-in-1b-plan-to-hold-up-to-10-of-supply","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=35204","title":{"rendered":"Nano Labs Buys $50M in BNB in $1B Plan to Hold Up to 10% of Supply"},"content":{"rendered":"<div>\n<p>Nano Labs (NA), a Nasdaq-listed chipmaker, snapped up about $50 million worth of Binance\u2019s BNB (BNB) token as it works toward a goal of owning <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/06\/24\/a-nasdaq-listed-stock-surges-more-than-100-after-unveiling-1-billion-bnb-token-buying-plan\">as much as 10% of the total supply.<\/a><\/p>\n<p>The Hong Kong-based company said it<a href=\"https:\/\/www.globenewswire.com\/news-release\/2025\/07\/03\/3109830\/0\/en\/Nano-Labs-Has-Purchased-About-US-50-Million-BNB-Expands-Digital-Asset-Reserves-to-around-US-160-Million.html\"> bought 74,315 BNB<\/a> in an over-the-counter deal at an average price near $672.45, lifting its total digital asset reserves, including bitcoin (BTC), to around $160 million.<\/p>\n<p>The purchase marks the first major step in Nano Labs\u2019 plan to allocate as much as $1 billion to BNB, funded partly through $500 million in convertible notes.<\/p>\n<p>Nano Labs\u2019 shares fell 4.7% on Thursday, and slipped another 2.15% after hours to $8.20.<\/p>\n<p>The company isn\u2019t alone in looking to accumulate BNB as a treasury reserve asset. A group of former hedge-fund executives late last month revealed plans to <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/06\/23\/hedge-fund-veterans-plan-100m-bnb-treasury-bet\">raise $100 million <\/a>to buy the cryptocurrency through a Nasdaq-listed shell company.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Nano Labs (NA), a Nasdaq-listed chipmaker, snapped up about $50 million worth of Binance\u2019s BNB (BNB) token as it works toward a goal of owning as much as 10% of the total supply. The Hong Kong-based company said it bought 74,315 BNB in an over-the-counter deal at an average price near $672.45, lifting its total [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-35204","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35204","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35204"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35204\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}