Nano Labs Acquires $50M in BNB for Crypto Reserve

• Lyla Velez
• July 4, 2025
• Business
• 0 Comments

Nano Labs Ltd., a Chinese chip designer, announced a $50 million purchase of Binance Coin (BNB) through an OTC transaction, aimed at strengthening its crypto treasury.

The acquisition underscores Nano Labs’ intention to become a major player in the crypto-financial sector, with expectations that this large-scale BNB transaction could influence corporate crypto adoption.

Nano Labs Ltd., listed on Nasdaq as NA, announced purchasing 74,315 BNB tokens for about $50 million. This move is part of the company’s broader strategy to build a substantial BNB treasury. Thomas Tianyu Kong, the founder of Nano Labs, previously held roles at Canaan Inc., further reinforcing the firm’s alignment with blockchain initiatives.

“Public companies are about to race into crypto. First movers will be seen as visionaries. Late adopters will be seen as dinosaurs. The clock is ticking.”

Cointelegraph

The purchase reflects a growing trend among public companies investing in digital currencies, expanding the digital asset reserves of Nano Labs to $160 million, including Bitcoin. This strategic action follows a $500 million convertible notes deal, aiming for significant BNB holdings.

BNB’s market price experienced fluctuations following Nano Labs’ decision, indicative of investor interest in corporate-level crypto acquisitions. The company regards first movers into cryptocurrencies as possible visionaries, setting the stage for market shifts.

Analysts suggest that Nano Labs’ move could influence other public companies to evaluate their treasury strategies. Historical precedents point to similar behaviors in Bitcoin investments, and Nano Labs is pioneering this with BNB. Establishing a larger share of BNB supply could prove impactful for Nano Labs’ market position and crypto dynamics.