Close Menu
  • Crypto News
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Trending

‘Hyperbitcoinization’ May Not Be Just Maximalist Fantasy Anymore

July 13, 2025

TAO, NEAR, RENDER, FET, & WLD Take Lead as Grayscale’s Most-Traded AI Crypto Assets

July 13, 2025

Czech central bank adds Coinbase to its portfolio

July 13, 2025

Interactive Brokers Leads Funding for $1,000,000,000 Stablecoin Startup Zero Hash: Report

July 13, 2025

Is Bitcoin supply meaningless? Peter Schiff says this counts

July 13, 2025
Facebook X (Twitter) Instagram
  • Advertise
en English
nl Nederlandsen Englishfr Françaisde Deutschit Italianoru Русскийes Españolzh-CN 简体中文hi हिन्दीja 日本語
Crypto Observer
  • Crypto News

    GameSquare to Launch $100M Ethereum Treasury Targeting 14% Yields

    July 13, 2025

    Will It Blast Through $125,000 Or Slip Back To $110,000?

    July 13, 2025

    CMC: Hyperliquid Hits $1.57T as Stablecoins, RWAs Surge in Q2 2025

    July 13, 2025

    ‘My Fellow Pigs And I Are Feasting’

    July 13, 2025

    Bitcoin Hits Fresh All-Time High as Saylor and Kiyosaki Want to Buy More

    July 13, 2025
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi
Facebook X (Twitter) Instagram
Crypto Observer
Home » Crypto News » Nano Labs Bets $500M on Binance Coin (BNB) as Treasury
Crypto News

Nano Labs Bets $500M on Binance Coin (BNB) as Treasury

Crypto Observer StaffBy Crypto Observer StaffJune 24, 2025No Comments2 Mins Read
Facebook Twitter Pinterest Reddit Telegram Email LinkedIn Tumblr
Share
Facebook Twitter LinkedIn Pinterest Email

Nano Labs, a Nasdaq-listed crypto infrastructure company, has announced a $500 million convertible note deal that it will use to acquire BNB as a strategic treasury reserve.

The Hong Kong-based firm, known for designing crypto mining chips, is targeting up to $1 billion worth of BNB, which will eventually put its holding at between 5% and 10% of the token’s entire circulating supply.

BNB Ecosystem Integration

The company’s aggressive move represents a major strategic pivot. It previously focused on Bitcoin (BTC), adopting it as a reserve asset and buying $5.5 million worth of the cryptocurrency late last year.

According to a press release, funding for the BNB accumulation will be provided through convertible notes that mature in 360 days. After that, they’ll be converted into Nano Labs shares at $20 each.

Applauding the initiative, Binance founder Changpeng Zhao clarified that none of his “affiliated entities” participated in the fundraiser, though he remains “extremely supportive.”

Nano Labs is also planning to apply for Hong Kong stablecoin licenses and has specifically mentioned building frameworks for Bitcoin and BNB.

The two developments suggest a cohesive strategy by the firm to position itself at the heart of Hong Kong’s burgeoning regulated crypto market, leveraging the recently passed Stablecoins Bill, which is set to become effective at the beginning of August.

Market Reaction

Since the announcement, Nano Labs’ stock has skyrocketed 163% in pre-market trading according to Google Finance, signaling intense investor interest.

However, the immediate impact on the price of BNB has been more measured. As of this writing, the token had seen a 3.3% increase in the 24 hours following the disclosure, to trade around $638. Nonetheless, this uptick occurred against a backdrop of recent weakness. BNB has been down 2.5% over the past seven days and 3.5% in the last month, underperforming the global crypto market, which is up a slight 0.10% weekly.

Furthermore, technical analysis prior to the news breaking indicated BNB was in a downtrend since being rejected at the $692 resistance in late May, with critical support levels at $630 and $600.

While the Nano Labs commitment provides fundamental support, BNB may still face an uphill battle to reclaim its bullish momentum and challenge its all-time high of $788.84, reached just seven months ago in December 2024.

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

GameSquare to Launch $100M Ethereum Treasury Targeting 14% Yields

July 13, 2025

Will It Blast Through $125,000 Or Slip Back To $110,000?

July 13, 2025

CMC: Hyperliquid Hits $1.57T as Stablecoins, RWAs Surge in Q2 2025

July 13, 2025

‘My Fellow Pigs And I Are Feasting’

July 13, 2025
Add A Comment

Leave A Reply Cancel Reply

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Top Posts

‘Hyperbitcoinization’ May Not Be Just Maximalist Fantasy Anymore

July 13, 2025

TAO, NEAR, RENDER, FET, & WLD Take Lead as Grayscale’s Most-Traded AI Crypto Assets

July 13, 2025

Czech central bank adds Coinbase to its portfolio

July 13, 2025
Advertisement
Demo

Crypto Observer is your one-stop website for the latest crypto news and updates, follow us now to get the news that matters to you.

Facebook X (Twitter) Instagram
Crypto News

Will It Blast Through $125,000 Or Slip Back To $110,000?

July 13, 2025

CMC: Hyperliquid Hits $1.57T as Stablecoins, RWAs Surge in Q2 2025

July 13, 2025

‘My Fellow Pigs And I Are Feasting’

July 13, 2025
Get Informed

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Facebook X (Twitter)
  • Privacy Policy
  • Terms of use
  • Advertise with us | Publishing
  • Contact us
  • Crypto News – Press release
  • Newsletter sign up
  • Markets
  • Altcoins
  • Bitcoin
  • Crypto News
  • DeFi
  • Ethereum
  • Technology
  • Blockchain
  • AI
  • NFT
  • Thanks for joining us
© 2025 Crypto Observer. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.