Global #Nano Labs

Chinese Web3 infrastructure provider Nano Labs has made a bold move into the crypto reserves game, acquiring $50 million worth of BNB, the native token of the BNB Chain.

In a surprising move that’s turning heads across the crypto world, Nano Labs, a Chinese blockchain infrastructure company, announced plans to invest $1 billion in Binance Coin (BNB)—putting the fifth-largest cryptocurrency in direct competition with industry titans Bitcoin and Ethereum for corporate treasury dominance.

In a bold move reflecting the growing convergence between traditional tech companies and cryptocurrency, Nano Labs, a prominent Chinese chipmaker listed on the Nasdaq, has announced that it will begin accepting Bitcoin as a payment method for its products and services.