$BNB Nano Labs signs agreement to raise 500 million USD through convertible bonds, building a strategic BNB reserve


ChainCatcher - Nano Labs Ltd (Nasdaq code: NA) has just announced a convertible bond issuance agreement worth 500 million USD with institutional investors, with the main terms:

✔️ Bond specifications:

  • Term: 360 days

  • Interest rate: 0% (no interest accrued before maturity)

  • Initial conversion price: 20 USD/share of Class A

✔️ Capital utilization strategy:

  • Initial phase: Use 1 billion USD (from this issuance + private capital) to purchase BNB

  • Long-term goal: Hold 5-10% of the total circulating supply of BNB