Nano Labs Ltd. (NASDAQ:NA) has confirmed a $50 million purchase of 74,315 Binance Coin (CRYPTO: BNB) tokens, expanding its digital currency reserves to approximately $160 million as part of a broader strategic accumulation plan.

The transaction, executed through over-the-counter (OTC) channels at an average price of $672.45 per token, demonstrates the company’s intention to significantly deepen its exposure to Binance Coin.

Nano Labs, which develops high-throughput and high-performance computing solutions, including proprietary “Cuckoo” …

Full story available on Benzinga.com