Nano Labs Ltd (NASDAQ:NA) is reshaping its capital strategy as it leans further into digital assets and shareholder returns amid a volatile year for the stock.

The stock gained on Wednesday after it said it is advancing its Web3-focused capital strategy by expanding its BNB reserve and launching a previously approved share buyback program.

The company completed another round of BNB (CRYPTO: BNB) purchases, lifting its total holdings to more than 130,000 BNB, valued at ~$112 million.

Also Read: Nano Labs Stock Jumps After Investing in Crypto-Focused CEA Industries and Boosting BNB Strategy

Nano Labs said the additions strengthen its long-term strategic reserve tied to the Binance… Read more on Benzinga