"Nation" is really the people, not the country or the state, and the reason it's mixed up to the point of having reached the dictionaries, is the strong nation-states that have been founded in Europe the last few hundred years.
"State" is the organisation that governs a country or region, and in extension all it's concerns.
Activity means hacking.
So... a government organisation from a country of ethnically and culturally distinct people are hacking shit.
It's state sponsored hacking or hoarding of vulnerabilities.
That looks hard enough to understand, but additionally it is "potential".
Is that a new way of saying "NSA"?
All joking aside... this is likely the tail-end result of the Shadow Brokers leak coupled with the recently-used exploits in the failed crypto-locker variant "Wanna Cry".