Nano Labs Ltd has acquired 74,315 Binance Coin (BNB) tokens for approximately $50 million via OTC transactions, bringing its total digital asset reserves to $160 million as the company targets $1 billion in BNB holdings and 5-10% supply dominance.
Nano Labs has entered into a $500 million convertible note agreement as part of a broader strategy to accumulate BNB worth up to $1 billion.
A group led by ex-Coral Capital executives has outlined plans to rebrand a Nasdaq-listed shell as Build & Build Corporation, raise $100 million and allocate the funds to BNB, making it the first public firm to adopt Binance’s exchange token as a treasury asset amid rising interest in utility coins.
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