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- Nidhi Kolhapur
Nidhi Kolhapur
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
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Sohrab KhawasSohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
- Jul 04, 2025 13:18 UTC
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Nano Labs Invests $50M in BNB, Eyes $1 Billion in Treasury
Nano Labs acquires $50M in BNB, aiming to hold up to 10% of total supply, marking a major institutional shift toward Binance Coin.
Rising institutional interest boosts BNB’s price and social dominance, hinting at a possible breakout toward new all-time highs.
Nano Labs, a leading Web 3.0 infrastructure provider in China, recently made a bold move in the crypto space. It has acquired 74,315 Binance Coin (BNB) tokens through an OTC transaction valued at approximately $50 million.
Nano Labs Bets Big on BNB
This marks the first step in the company’s strategic BNB accumulation plan. Its long-term goal is to hold 5% to 10% of BNB’s total circulating supply, and it plans to allocate up to $1 billion to BNB. To support this goal, it plans to raise up to $500 million through convertible notes and private placement.
With this purchase, Nano Labs’ reserves of major digital assets, including Bitcoin and BNB, now stand at around $160 million. It has also become the first U.S.-listed public company to adopt Binance Coin as a core treasury asset. This sets it apart from the typical corporate trend of holding Bitcoin or Ethereum.
Notably, Nano Labs’ $50 million BNB purchase appears to be more than just a treasury move, it’s a shift away from its struggling hardware business. In the second half of 2024, the company’s revenue dropped 39% to $2.2 million, with losses totaling $8.4 million. With deep cost-cutting measures and R&D spending down 62%, the pivot to crypto looks more like a survival strategy than a bold expansion.
BNB Gains Traction with Institutions
Apart from Nano Labs, a group of former hedge fund executives also announced plans to raise $100 million to buy BNB through a Nasdaq-listed shell company. This shows rising institutional interest in the token. The rise of BNB as a treasury asset comes as more companies adopt altcoin-focused treasury strategies, echoing MicroStrategy’s Bitcoin strategy.
BNB Hints at Breakout
Also, the rise in institutional interest has boosted BNB’s social dominance, which is now at a two-month high. If the momentum continues, its price could rally and break towards a new all-time high.
BNB token is currently trading at $659.20. It is nearing a breakout as it trades within a symmetrical triangle pattern. Its overall technical indicators also lean bullish. The price is holding above key averages, and there is a potential for further gains if buying pressure continues.
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FAQs
Nano Labs’ $50 million BNB purchase appears to be a strategic pivot from its struggling hardware business. In H2 2024, the company’s revenue dropped 39% to $2.2 million with $8.4 million in losses, suggesting the move into crypto is a survival strategy to offset declining traditional business performance.
No, Nano Labs is not alone. A group of former hedge fund executives also plans to raise $100 million to acquire BNB through a Nasdaq-listed shell company, indicating rising institutional interest in the token. This mirrors MicroStrategy’s successful Bitcoin treasury strategy.
BNB’s increased institutional interest has boosted its social dominance to a two-month high. Technically, BNB is currently trading at $659.20 and is nearing a breakout from a symmetrical triangle pattern. Its overall technical indicators lean bullish, holding above key averages, suggesting potential for further gains towards new all-time highs.
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