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Nano Labs Has Purchased About US$50 Million BNB, Expands Digital Asset Reserves to around US$160 Million
GlobeNewswire News Room· 2025-07-03 12:30
Group 1 - Nano Labs Ltd has purchased 74,315 Binance Coin (BNB) tokens for approximately US$50 million, averaging US$672.45 per token, increasing its total digital currency reserves to around US$160 million [1][2] - The company plans to evaluate the security and long-term value of BNB, with an aim to acquire up to US$1 billion worth of BNB through convertible notes and private placements in the initial phase [2] - Over the long term, Nano Labs intends to hold 5% to 10% of BNB's total circulating supply [2] Group 2 - Nano Labs Ltd is a leading Web 3.0 infrastructure and product solution provider in China, focusing on high throughput computing (HTC) and high performance computing (HPC) chips [3] - The company has developed a comprehensive flow processing unit (FPU) architecture that integrates features of both HTC and HPC [3] - Nano Labs has established Bitcoin as its primary reserve asset and has built an integrated solution platform covering three main business verticals, including HTC and HPC solutions [3]
Nano Labs Announces Receipt of US$1 Million Equivalent in USDT from Unregistered Sale of Equity Securities
Prnewswire· 2025-03-07 11:00
Company Overview - Nano Labs Ltd is a leading fabless integrated circuit design company and product solution provider in China [3] - The company focuses on high throughput computing chips, high performance computing chips, distributed computing and storage solutions, smart network interface cards, vision computing chips, and distributed rendering [3] - Nano Labs has developed a comprehensive flow processing unit architecture that integrates features of both high throughput computing and high performance computing [3] Recent Financial Activity - The company announced it has received US$1 million equivalent in USDT from a private placement of 913,714 Class A ordinary shares at a purchase price of US$6.46 per share, resulting in aggregate gross proceeds of approximately US$5.9 million [1] - An additional 154,799 Class A ordinary shares were issued to investors as part of this private placement [1] - The aggregate purchase price for the shares will be satisfied in Bitcoin and USDT [1]