{"content":"🐳 Nano Labs Acquires 74,000 BNB — Can $50M Injection Fuel the Next Move? On Thursday, Nano Labs bought 74,315 BNB for $50 million. The acquisition increases its Bitcoin and BNB reserve to $160 million. BNB hopes to break $660 after the news. On Thursday, Nano Labs said it bought 74,315 BNB for $50 million, increasing its treasury reserve to $160 million, which includes Bitcoin. BNB maintained steady at $660. Nano Labs creates $50M BNB treasury Nasdaq-listed Nano Labs (NA) added 74,315 BNB to its digital asset treasury portfolio for $50 million. OTC purchases averaged $672.45. Nano Labs has $160 million in Bitcoin and BNB in its digital asset treasury. Nano Labs' BNB purchase follows a $500 million private placement and convertible notes offering in June and promises to create a $1 billion BNB treasury. Long term, the corporation plans to keep 5%–10% of BNB's circulating supply. BNB is Binance Smart Chain's native token and the fifth-largest cryptocurrency by market valuation. Nano Labs isn't the only BNB treasury creator. Build & Build Corporation, a Nasdaq-listed business led by former Coral Capital executives Patrick Horsman, Joshua Kruger, and Johnathan Pasch, aims to fund $100 million for a BNB treasury. Strategy's (MSTR) Bitcoin blueprint is being followed by many firms launching altcoin-focused treasury reserves. Crypto treasuries for Ethereum (ETH), Solana (SOL), and Hyperliquid have been created by numerous publicly traded corporations since January. BNB sustained support around $645, boosted by the 50-day Exponential Moving Average (EMA), after the news and is targeting $660. If BNB breaks out of this area, it might target $680 declining trendline resistance. However, a drop below $645 might push it below $615. #bnb #NanoLabs #BTCReclaims110K $BTC $BNB ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025072025/07/03/40e8f74eeae14bd9a957670d7415a725.png"],"tags":[],"tradingPairs":["SOL/USDT"],"quotearticleid":0}