Nano Labs has announced its intention to invest in BNB, aiming to hold 10% of the total circulating supply of BNB. It recently bought $50 million worth of tokens.
BREAKING Nano Labs just acquired approximately $50M worth of $BNB via OTC — bringing our mainstream digital asset reserve to around $160M.https://t.co/MrgpeSN0NB pic.twitter.com/XvrlnsqtMC
— Nano Labs (@NanoLabsLtd) July 3, 2025
The Chinese microchip company, Nano Labs, said it aims to invest up to $1 billion in BNB. With this, the company hopes to own between 5% and 10% of all the BNB currently in circulation.
Following this $50 million purchase of BNB, Nano Labs now holds $160 million of BNB and Bitcoin collectively. The active buying demonstrates the company’s strong belief in the future.
The press release by Nano Labs dated July 03, “The Company committed to thoroughly evaluating the security and long-term value of BNB, aiming to acquire up to US$1 billion worth of BNB through convertible notes and private placements in the initial phase. Over the long run, Nano Labs intends to hold 5% to 10% of BNB’s total circulating supply.”
On June 24, 2025, Nano Labs secured a $500 million convertible note agreement with zero-interest notes maturing in 360 days, convertible into Class A shares at $20 per share.
An additional $50 million direct stock offering and warrants exercisable at $10 per share to support their BNB strategy. Over time, Nano Labs is shifting from Bitcoin-focused treasury to a multi-asset strategy, emphasising BNB’s chain ecosystem.
A quick overview of the BNB price
According to the data from CoinMarketCap, BNB is currently priced at $657.70 with a slight loss of 0.55%, yet has added 1.72% in the past 7 days.
Over the past 52 weeks, the BNB price has grown by approximately 23.45%. The market capitalization stands at $92.65 billion, and the trading volume is $1.48 billion.
BNB traded highest at $664.39 in the past 24 hours, and its lowest trading price is $657.20. In 52 weeks, the highest traded price is $793.35 and the lowest at $407.52.
Currently, BNB is trading above the 20, 50, 100, and 200-day exponential moving averages; its nearest resistance is $672.41, followed by $689.77 and $717.87.
On the other hand, its identified support levels are $616, followed by $598.86 and $570.77, and the exponential moving average (10) is $653.10, and the simple moving average (10) is $652.13.
As per BSCSCAN(DOT)COM, total holders are 2,617,519, and circulation supply market capitalization is $92,625,151,082.69, and transfer amount as per July 01 was 4,696,291.37 WBNB, with transfer count of 2456995, unique receivers 24036, unique senders 19751, and total uniques 29837.
