Dec. 31 at 3:25 PM
Nano Labs announced that it has increased its BNB cryptocurrency reserves to more than 130,000 tokens, valued at approximately
$112 million, reinforcing its long-term strategy of holding BNB as a core reserve asset. The Web 3.0 infrastructure and product solutions provider described the purchase as a further enhancement of its digital asset reserve framework and a key milestone in the growth of its crypto holdings.
In addition to the expansion of its BNB reserves, Nano Labs said it has formally begun implementing a previously authorized share repurchase program of up to
$25 million. The company plans to execute the buybacks in line with market conditions while balancing capital allocation between shareholder returns and its strategic cryptocurrency reserves. Management noted that the dual initiatives are intended to support long-term corporate value creation and safeguard shareholder interests, a message that appeared to resonate positively with investors in premarket trading
$NA $BNB.X
