🚀 BNB Set to Surpass Bitcoin? Chinese Firm Sparks Market Frenzy with $1B Investment Plan
Nano Labs, a China-based blockchain infrastructure company, has announced plans to invest $1 billion in BNB (Binance Coin) in the near future.
The firm aims to acquire 5–10% of BNB’s circulating supply, worth $4.7–$9.4 billion at current prices.
Following the announcement, Nano Labs' stock price tripled within minutes — from $10.89 to $29.18, and closed the day up 64.8% at $14.85.
The company will initially purchase $500 million in BNB, funded by the sale of convertible notes, which will convert into Class A shares at $20/share after 360 days.
BNB is the native token of Binance, the world’s largest centralized crypto exchange, currently ranked 5th by market cap ($93.9B).
This trend of publicly traded companies investing in crypto has largely centered around Bitcoin, but BNB, Ethereum, Solana, and XRP are now gaining serious attention.
Wall Street interest is growing in BNB, with Blackburn Report revealing a group attempting to raise $100M to accumulate BNB reserves.
Binance founder Changpeng Zhao (CZ) welcomed the move, noting Nano Labs' stock surge — but emphasized this is not financial advice.
Nano Labs hasn't clarified whether this investment involves direct cooperation with Binance, or why BNB was chosen over other assets.
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> ❗ This is not financial advice. This is a news and analysis piece only. Always do your own research before investing in any cryptocurrency.
