Nano Labs will raise $500 million using convertible notes to build a strategic reserve in Binance Coin BNB.
The company plans to acquire up to $1 billion worth of BNB using notes and private capital.
Nano Labs aims to hold up to 10% of the total circulating supply of BNB in the long term.
Nano Labs has announced a major financial initiative to raise $500 million through convertible notes. The Nasdaq-listed Web3 infrastructure provider aims to build a strategic reserve in Binance Coin (BNB) using the proceeds.
https://twitter.com/CryptoCoinShow/status/1937709532911710481 Zero-Coupon Notes to Fund BNB Acquisition
The company signed a purchase agreement to issue zero-coupon convertible notes. These notes carry no interest and mature 360 days after issuance. Investors will have the option to convert the notes into Class A ordinary shares. The initial conversion price is set at $20 per share, subject to adjustment under contract terms.
If conversion does not occur within the 360-day period, Nano Labs will repay the full principal. The company confirmed the notes are unsecured and stated that the closing is not guaranteed.
$1 Billion BNB Purchase Plan Underway
Alongside the note offering, Nano Labs plans to buy up to $1 billion worth of BNB. The acquisition will combine proceeds from the convertible notes and privately raised capital. The firm is also conducting a detailed review of BNB’s price behavior and network security.
Nano Labs aims to establish a long-term position in BNB’s supply chain. It seeks to hold between 5% and 10% of the token’s total circulation. This strategy signals its intent to integrate deeply into the BNB ecosystem as part of its broader expansion.
BNB-Focused Treasuries Gaining Popularity
This move follows recent trends among firms targeting BNB as a treasury asset. A separate group of former Coral Capital Holdings executives plans to create a $100 million BNB treasury. Their new venture, tentatively called Build & Build Corporation, is designed to manage the token reserve.
The developments reflect rising interest in crypto treasuries centered on BNB. Similar strategies are already seen with Solana, Ethereum, and XRP holdings.
Market Reaction and Industry Commentary
Following the announcement, Nano Labs' stock surged in trading. Industry figures noted increased confidence in BNB-related treasury models. Although Binance co-founder Changpeng Zhao acknowledged the news, he confirmed no participation in the fundraising.
The trend suggests institutional investors are increasingly open to structured crypto holdings. Asset managers such as VanEck have recently sought regulatory approval to launch a spot ETF for BNB. If approved, this could further validate the token’s role in corporate financial planning.
Nano Labs' strategy positions it among early adopters of BNB-centric reserves. Its dual approach of convertible notes and long-term holdings reflects a calculated entry into digital asset-backed corporate finance.
