The first BNB version of MicroStrategy is born!

Nano Labs (NA) announces the fundraising of $500 million in convertible bonds, fully investing in BNB.

The notes can be converted into shares at $20 within one year, otherwise the principal must be repaid.

First phase goal: to acquire BNB worth $1 billion, with a long-term target of holding 5% to 10% of the circulating supply of BNB.

The mastermind behind Nano Labs is Kong Jianping, co-founder of Canaan Creative.

Interestingly, Canaan Creative has just announced a strategic contraction, focusing only on the mining machine business, while restructuring its AI and other businesses.

This move is somewhat similar to:

MSTR for BTC; SBET for ETH; DFDV for SOL.

NA is creating a BNB version of Strategy.