Nano Labs has kicked off an enormous plan to construct a crypto pile by shopping for BNB tokens. The chip maker dropped $50 million on BNB this week. It’s step one towards what the corporate says may very well be a $1 billion treasury fund for digital cash. In response to Nano Labs, it desires to carry between 5% and 10% of all BNB out there.
Nano Labs Inventory Dips After Crypto Transfer
Based mostly on studies, Nano Labs shares slid 4.5% throughout common buying and selling and one other 2% in after‑hours to shut at $8.20 on Thursday.
That drop got here regardless of a earlier rally when the agency unveiled a plan to promote $500 million in convertible notes to pay for crypto buys. The inventory jumped over 100% after that funding information, however this week’s token buy didn’t get the identical response.
🚨 BREAKING 🚨
Nano Labs simply acquired roughly $50M value of $BNB through OTC — bringing our mainstream digital asset reserve to round $160M.
🔗https://t.co/MrgpeSN0NB pic.twitter.com/XvrlnsqtMC
— Nano Labs (@NanoLabsLtd) July 3, 2025
Funding Technique Raises Questions
In response to the corporate, its mixed crypto pockets now holds about $160 million in BNB and Bitcoin. At in the present day’s price of round $658 per BNB, $50 million buys roughly 76 000 tokens.
To snag 10% of the 145,887,575 cash now circulating, Nano Labs would want about $926 million. Traders should weigh the price of issuing convertible notes towards merely shopping for crypto straight.
BNB Stake Holds Dangers
BNB itself climbed a modest 0.60% up to now 24 hours to hover close to $654 as of press time. Its market cap stands at $93.4 billion.
In response to a June 2024 Forbes report, Binance and its former CEO, Changpeng “CZ” Zhao, collectively management about 70% of the then‑circulating 147 million BNB tokens.
Picture: Penn Right this moment
Not A Assure For Win?
Anthony Scaramucci, who runs SkyBridge Capital, instructed Bloomberg that company crypto buys aren’t a certain win. He identified that if a agency takes $10 in funding and places $8 into Bitcoin, shareholders may be higher off simply shopping for Bitcoin themselves. His view is that groups ought to lay out clear price and revenue maps earlier than chasing huge crypto stakes.
Nano Labs was arrange in 2019 by Solar Qifeng and Kong Jianping after they left the board of Canaan. The Singapore‑primarily based {hardware} maker listed in 2022 and focuses on excessive‑velocity computing chips.
Their shift into crypto comes as extra corporations park a part of their money in digital cash. However market watchers shall be trying to see if Nano Labs can juggle chip design, word gross sales and token shopping for with out working into bother.
Featured picture from Unsplash, chart from TradingView
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