Nano Labs Ltd (NASDAQ:NA) is advancing its Web3 capital strategy, expanding its BNB reserves to over 130,000 BNB, valued at approximately $112 million, and launching a previously approved $25 million stock buyback program. The company primarily engages in fabless chip design business and is currently transitioning into digital asset management to escape the slowdown in mining hardware sales and aims to capture future gains related to cryptocurrency market cycles.
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Nano Labs Ltd (NASDAQ:NA) is advancing its Web3 capital strategy, expanding its BNB reserves to over 130,000 BNB, valued at approximately $112 million, and launching a previously approved $25 million stock buyback program. The company primarily engages in fabless chip design business and is currently transitioning into digital asset management to escape the slowdown in mining hardware sales and aims to capture future gains related to cryptocurrency market cycles.