China-based Web3 infrastructure giant #NanoLabs Ltd (NASDAQ:NA) has made a $50 million investment in Binance Coin (#BNB ) in a move that hit the cryptocurrency market like a bombshell. With this move, the company not only increased its reserves, but also clearly demonstrated its intention to establish a serious long-term dominance over BNB.
đ Transaction Details: Over-the-Counter Purchase of 74,315 $BNB
Nano Labs announced in an official statement on Thursday that it purchased exactly 74,315 BNB tokens at an average price of $672.45 via over-the-counter transactions. This transaction represents a total purchase worth approximately $50 million.
According to the company's statement, this investment increased Nano Labs' total digital asset reserves, including Bitcoin and BNB, to $160 million.
đ§ Strategic Goal: Capture 10% of BNB Supply
Nano Labs' investment is the first major step taken within the company's "BNB Strategic Plan". According to the plan, the company:
Aims to purchase up to $1 billion worth of BNB in the short term.
In the long term, it plans to hold 5% to 10% of BNB's total circulating supply.
This goal is considered an unprecedented institutional dominance plan in the crypto world.
đ Financial Infrastructure: $500 Million Convertible Notes and Share Issuance
Nano Labs has taken aggressive steps to provide the financial basis for this major investment:
It has launched a stock and warrant offering to raise $50 million through a direct offering and private placement.
It plans to sell 5,952,381 Class A common shares at $8.40 each, and also issue warrants with an exercise price of $10.00 per share.
In addition, an agreement was reached for the issuance of $500 million in convertible notes. These notes can be converted into Class A shares at a conversion price of $20.
This financial structure makes Nano Labsâ investment in crypto assets aggressive, long-term, and scalable.
đ„ Technology Foundation: ASIC and Cuckoo Series Chips
Nano Labsâ core area of expertise is high-performance application-specific integrated circuits (ASICs) developed as alternatives to traditional GPU solutions. The companyâs âCuckoo seriesâ chips, in particular, are heavily preferred for Web3 and blockchain infrastructure services.
This strong technical foundation provides a structure that supports digital asset reserves.
đ Stock Performance and Market Impact
Nano Labsâ (NA) shares traded on Nasdaq gained over 113% in value last year. It is observed that investor interest has intensified again after the BNB purchase announcement. This move shows that the company has become not only a technology developer but also an active player in the crypto market.
đŹ Official Statement
The company's statement included the following statements:
âFollowing this transaction, the company's total reserves in mainstream digital currencies, including Bitcoin and BNB, have reached approximately $160 million.â
This statement confirms that the company's crypto strategy is not just a temporary step, but a long-term reserve management and market positioning.
đ Conclusion: A New Giant Player is Rising in the Crypto Arena
Nano Labs is preparing to break away from the traditional Web3 infrastructure and enter the center of the crypto finance market directly. Its goal is clear: to establish institutional dominance in Binance Coin. The $50 million purchase is just the beginning.
If they manage to acquire 10% of the BNB supply as they aim, this could be recorded as one of the largest institutional purchases in crypto history.
