Nano Labs Continues to Increase Its BNB Holdings to Over 130,000 BNB, Upgrades Its BNB Strategic Reserve and Officially Launches Share Repurchase Program

Core Insights - Nano Labs Ltd has made significant progress in its strategic BNB reserve initiative, completing a new round of BNB acquisitions [1] - The company currently holds over 130,000 BNB, valued at approximately US$112 million, enhancing its long-term strategic reserve strategy [2] - The Board of Directors has approved a share repurchase program with a total value of up to US$25 million, which has now formally commenced [3] Company Overview - Nano Labs Ltd is a leading provider of Web 3.0 infrastructure and product solutions, focusing on high throughput computing (HTC) and high-performance computing (HPC) chips [4] - The company has developed a comprehensive flow processing unit (FPU) architecture that integrates features of both HTC and HPC [4] - Nano Labs has positioned itself in the crypto assets space, adopting BNB as its primary reserve asset and also holding mainstream cryptocurrencies like BTC [4]