- Nano Labs bought 74,315 BNB for $ 50 million and started its $ 1 billion Binance Coin Treasury plan.
- BNB showed the post-purchase of price spring power and showed growing market confidence.
Nano Labs officially kicked off his Binance Munt [BNB] Treasury ambitions with a purchase of $ 50 million – only a week after announcing the intention.
The company based in China, mentioned on Nasdaq, positions itself as an important player in the BNB ecosystem.
As it turns into a BNB-oriented digital activa company, the newest acquisition has also fueled a sharp upward price movement for the coin.
Strategic Buy sends a strong signal to crypto -markets
Nano Labs has been made Most aggressive move so far For setting up a BNB reserve, spending $ 50 million to acquire 74,315 BNB in a single available deal.
The transaction, carried out at an average price of $ 672.45, marks a crucial step in the company’s digital asset strategy.
The purchase also coincided with a sharp increase in the BNB price, because trade volumes increased to almost $ 1 billion.
With this acquisition, the total crypto companies from Nano Labs have risen to $ 160 million, which demonstrates the growing presence in the digital assets space.
Sight sights at $ 1 billion reserve, long -term companies
Nano Labs not only buys BNB – it builds a vision around it. In June, the company established in China announced to become a dedicated BNB Treasury Company, aimed at a reserve of $ 1 billion.
Read the press release,
“In the long term, Nano Labs is planning to maintain 5% to 10% of the total circulating range of BNB.”
The company is planning to collect up to $ 500 million through convertible banknotes and private placements. These funds will support its long-term crypto investment strategy.
While Bitcoin [BTC] Is still on his radar, the focus shifts. The company seems to be committed to expanding its BNB Holdings.
It describes this movement as a long-term strategic game in the crypto-room.
BNB responds
After the historical acquisition, BNB had increased volatility, but showed signs of resilience.
The hourly table revealed a gradual increase on the day of the purchase; The coin fell under $ 656 on July 4 before he recovered to $ 660 reach.
At the time of the press, the RSI floated almost neutral at 49.67, while the MACD kept somewhat Beararh’s signs of convergence.
Source: TradingView
Although it is not yet outbreak, the recovery indicates that the buy-side is growing.
While the market consumes the size of the purchase, the momentum can continue to build. This trend can accelerate if the long-term treasury strategy from Nano Labs gets investor confidence.
That is why a stronger confidence can attract more buyers and support supporting upward movement.