KEY FACTS: Nano Labs Ltd, a Nasdaq-listed Web 3.0 infrastructure provider, has launched an ambitious plan to build a $1 billion BNB treasury, starting with a $50 million purchase of 74,315 BNB tokens at an average price of $672.45 on July 3, 2025. This move, funded through a $500 million convertible note offering, aims to secure 5% to 10% of BNB’s circulating supply, boosting Nano Labs’ digital asset reserves to $160 million, which include Bitcoin. The strategy aligns with the company’s pivot from its volatile hardware sector to Web 3.0, capitalizing on BNB’s stability and the growth of the Binance ecosystem, particularly following the Maxwell hard fork.
Source: Nano Labs/ X
Nano Labs Initiates $1 Billion BNB Treasury Strategy with $50 Million Purchase
Nano Labs Ltd, a Nasdaq-listed Web 3.0 infrastructure and product solutions provider based in China, announced on July 3, 2025, the acquisition of 74,315 Binance Coin (BNB) tokens through over-the-counter (OTC) transactions. Priced at an average of approximately $672.45 per token, the $50 million purchase marks the initial phase of the company’s strategic plan to amass a $1 billion BNB treasury, aiming to hold between 5% and 10% of BNB’s total circulating supply. This acquisition has elevated Nano Labs’ total digital asset reserves, which include Bitcoin and BNB, to approximately $160 million, positioning the company as a significant player in the growing trend of corporate cryptocurrency adoption.
🚨 BREAKING 🚨
Nano Labs just acquired approximately $50M worth of $BNB via OTC — bringing our mainstream digital asset reserve to around $160M.
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Nano Labs, traditionally known for designing high-performance computing chips such as its Cuckoo series, is diversifying its business model by integrating digital assets into its treasury strategy. The company’s move into BNB, the native token of the BNB Chain, reflects a calculated shift away from its volatile hardware sector, which has faced declining revenues amid global supply chain challenges and competitive pressures. Nano Labs is allocating substantial capital to cryptocurrencies, aligning its financial strategy with its Web 3.0 infrastructure focus, and betting on the long-term value and utility of BNB within the Binance ecosystem.
The $50 million BNB purchase follows Nano Labs’ announcement on June 24, 2025, of a $500 million convertible notes offering, designed to fund its ambitious BNB accumulation plan. The company’s goal is to acquire up to $1 billion worth of BNB through a combination of convertible notes and private placements, with the long-term objective of controlling a significant portion of BNB’s circulating supply, estimated at 140.88 million tokens. This strategy, if fully realized, could position Nano Labs as one of the largest non-Binance holders of BNB, showing its confidence in the token’s security, performance, and growth potential.
The announcement comes at a time when BNB is demonstrating stability in the cryptocurrency market. As of July 3, 2025, BNB was trading at approximately $658.64, with a market capitalization exceeding $92 billion, making it the fifth-largest digital asset by market cap. Despite minimal daily price movement, BNB has maintained a robust average daily trading volume of over $300 million, bolstered by increased activity on the BNB Chain following the Maxwell hard fork, which enhanced transaction speeds and throughput. This upgrade, coupled with Nano Labs’ treasury strategy and a $100 million liquidity program, has contributed to a recent breakout in BNB’s price from a tight trading range between $640 and $650. Analysts suggest that BNB could test resistance levels near $680, with potential to climb toward $700 if bullish momentum persists.
Nano Labs’ decision to prioritize BNB as a core treasury asset alongside Bitcoin adds to the trend among public companies diversifying their reserves with cryptocurrencies. While Bitcoin remains a standard reserve asset, Nano Labs itself holds over 1,000 BTC, ranking it 31st among public companies by Bitcoin holdings. BNB’s selection is notable. The company’s leadership has emphasized a thorough evaluation of BNB’s security and long-term value, indicating a strategic approach to its accumulation. This move has drawn attention from industry figures, including Binance founder Changpeng Zhao (CZ), who engaged with Nano Labs on X regarding its Bitcoin holdings and expressed enthusiasm for the company’s BNB treasury initiative.
Nano Labs is not alone in its pivot toward cryptocurrency treasuries. The past year has seen several publicly listed companies embrace digital assets as a hedge against inflation and a means of aligning with blockchain-based ecosystems. For instance, on June 30, 2025, BitMine Immersion Technologies announced a $250 million private placement to accumulate Ethereum (ETH), while Upexi, a Solana-focused firm, added 56,000 SOL to its holdings on May 28, bringing its reserves to over $110 million. Similarly, Interactive Strength, a Nasdaq-listed fitness tech firm, recently announced plans to raise $500 million for a Fetch.ai token treasury. These examples highlight a growing appetite among corporations to integrate altcoins into their financial strategies, despite skepticism from traditional finance figures like Blockstream CEO Adam Back, who argues that the era of altcoin speculation has waned.
However, Nano Labs’ focus on BNB is particularly significant due to the token’s deep integration with the Binance ecosystem, which powers a wide range of decentralized applications, smart contracts, and DeFi protocols. The company’s $500 million convertible notes deal, announced on June 24, offers investors the option to convert at $20 per share, providing a flexible financing mechanism that avoids immediate equity dilution. This structure, combined with Nano Labs’ phased approach to BNB accumulation, allows the company to navigate market volatility while scaling its holdings strategically.
Meanwhile, Nano Labs’ BNB treasury strategy also faces potential competition. On June 24, a group of hedge fund veterans, including Patrick Horsman, Joshua Kruger, and Johnathan Pasch, announced plans to raise $100 million through a Nasdaq-listed entity, Build & Build Corporation, to invest directly in BNB. While not affiliated with Binance, this initiative has garnered community support and could amplify BNB’s visibility in regulated markets. Additionally, asset manager VanEck has requested permission from U.S. regulators to list a spot exchange-traded fund (ETF) holding BNB, signaling growing mainstream interest in the token. These developments could bolster Nano Labs’ strategy by enhancing BNB’s liquidity and market stability, though they also introduce competitive dynamics for accumulating significant portions of the token’s supply.
Looking ahead, Nano Labs’ commitment to acquiring up to $1 billion in BNB positions it as a trailblazer in the corporate adoption of altcoins. The company’s phased approach, supported by rigorous assessments of BNB’s security and market behaviour, mitigates some of the risks inherent in such a large-scale investment. However, the success of this strategy will depend on BNB’s performance, the stability of the Binance ecosystem, and Nano Labs’ ability to navigate regulatory and market challenges. If successful, Nano Labs could redefine corporate treasury management, setting a precedent for other Web 3.0 companies to integrate digital assets into their financial frameworks.
Nano Labs’ $50 million BNB purchase is a significant step toward its $1 billion treasury goal, and this emphasizes the growing shift in its business model and a strong endorsement of BNB’s long-term value. As the company continues to execute its strategy through convertible notes and private placements, it joins a growing cohort of public firms embracing cryptocurrencies as core treasury assets.
Now that $BNB is in the crypto reserve radar, which digital asset would be the next? When $HIVE?
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