INSUBCONTINENT EXCLUSIVE:
Update (July 4 at 7 am UTC): This article has been updated to add a comment from a BNB Chain spokesperson
Chinese microchip firm Nano Labs has officially kicked off its plan to hold up to 10% of the total circulating supply of BNB, with its first
(BNB) and hold between 5% and 10% of the total circulating supply
by Kong Jianping and Sun Qifeng after their terms expired on the board of directors for Singapore-based computer hardware manufacturer
The firm went public in 2022 and primarily produces high-throughput computing chips and high-performance computing chips.Source: Nano
stock has fallen sharply following its purchase of $50 million in BNB
Buying 10% of the current supply at market prices would cost roughly $926 million.The initial supply of BNB was set at 200 million coins,
the time.Speaking to Cointelegraph, a BNB Chain spokesperson said they recognized a growing institutional interest in BNB
number of companies are opting to hold crypto for treasuries; however, Anthony Scaramucci, founder and managing partner of the hedge fund
investors will question the rationale of investing in a company that h?olds a valuable asset when they could just buy it themselves.Related:
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