TLDR:
Nano Labs secured a $500M convertible note deal to kickstart its BNB accumulation strategy.
The firm plans to acquire $1B worth of BNB, aiming for 5–10% of its circulating supply.
BNB will join Bitcoin as a core treasury asset in Nano Labs’ multi-crypto reserve approach.
The move highlights rising institutional interest in BNB beyond traditional crypto leaders.
Nano Labs, a Nasdaq-listed Web3 infrastructure provider based in China, is taking a bold step toward crypto-backed treasury growth.
The company signed a $500 million convertible note agreement to begin accumulating Binance Coin (BNB) as a strategic asset. This marks the beginning of a broader initiative targeting up to $1 billion in BNB purchases.
Nano Labs aims to eventually hold 5% to 10% of BNB’s total circulating supply. The move highlights the company’s growing focus on digital assets beyond Bitcoin.
Nano Labs $500M Deal Sets BNB Strategy in Motion
According to a company statement issued on June 24, Nano Labs entered into a private agreement with multiple investors for $500 million in convertible notes. The notes mature in 360 days, carry no interest, and can be converted into Class A ordinary shares of the company at an initial price of $20 per share.
The notes are unsecured and subject to customary closing conditions. As of now, the company cautionedthat there is no certainty the deal will be completed in full.
Still, this financial structure lays the foundation for Nano Labs’ plan to begin its BNB acquisition efforts in the short term.
Following this initial funding move, Nano Labs is setting its sights on a long-term goal to acquire up to $1 billion worth of BNB. The company said it will conduct a thorough evaluation of BNB’s technical structure, security model, and market behavior before scaling up purchases.
The firm aims to accumulate between 5% and 10% of the total circulating supply of BNB. This would position BNB alongside Bitcoin as a core reserve asset on the company’s balance sheet.
Strategic Shift from Bitcoin to Broader Crypto Holdings
Nano Labs, known for its development of high-throughput and high-performance computing chips, has already adopted Bitcoin as a primary reserve asset. This new initiative signals a shift toward a multi-asset treasury strategy, starting with Binance Coin.
The company’s Cuckoo series chips, which compete with traditional GPUs in mining and computing performance, have supported its growing role in crypto infrastructure. Expanding into token holdings like BNB aligns with its broader Web3 focus.
Wu Blockchain, a crypto news account on X, first highlighted the deal and the broader plan. The announcement comes amid rising institutional interest in BNB, often overshadowed by Bitcoin and Ethereum in treasury strategies.
Nano Labs, a Nasdaq-listed crypto mining chip design company, has entered into a $500 million convertible note agreement, aiming to accumulate BNB as part of its treasury strategy. The company plans to assess BNB’s security and value and ultimately acquire up to $1 billion in…
— Wu Blockchain (@WuBlockchain) June 24, 2025
By entering the BNB market at scale, Nano Labs joins a small but growing list of firms exploring diversified crypto reserves. This adds new attention to BNB as a corporate-held digital asset, especially from public companies operating in the crypto and Web3 space.
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