A firm listed in NASDAQ has fallen after opening a $ 1 billion BNB token purchase plan
The Nano Labs (NA), a listed NASDAQ of High-throughput Computing Chips, has struck a private agreement to sell $ 500 million in changing adults in 360 days to buy Binance’s BNB BNB BNB BNB BNB
token for its balance.
Unsurprising notes will not bring the coupon and can be replaced at any time for the NASDAQ sharing that Class A has exchanged at an initial price of $ 20. If investors are holding the term, the Nano labs must pay the principal completely.
Said the firm to a Press release That the increase was the first step in a Treasury program built around Binance’s BNB.
The company aims to buy nearly $ 1 billion in BNB through note sales and other private placements, with a long-term purpose of owning 5% -10% of the circulating token supply. The total capitalization of the BNB market currently stands at $ 90.3 billion.
Nano Labs will examine the security and value of BNB before the move. The firm pointed out that the agreement was not yet closed.
The Nano Labs’ shares have risen more than 100% since the announcement has now been made to trade at $ 22.
Its press release arrives shortly after a group of former hedge funding executives revealed plans to Raise $ 100 million to buy BNB by a listed shell company of NASDAQ.
