🐳 Nano Labs Acquires 74,000 BNB — Can This $50M Bet Fuel the Next BNB Rally?
In a bold move signaling growing institutional interest in Binance Coin (BNB), Nano Labs has officially acquired 74,315 BNB for $50 million, pushing its total digital asset reserves to $160 million — including previous Bitcoin holdings. The average purchase price came in at $672.45 per token, based on over-the-counter transactions.
The announcement, made Thursday, sent ripples through the market as BNB held firm near the $660 level. The purchase builds on Nano Labs’ broader strategy to create a $1 billion BNB treasury, aiming to eventually hold 5%–10% of BNB’s total circulating supply. The company is taking inspiration from the MicroStrategy Bitcoin playbook, signaling a potential trend among institutions shifting toward altcoin treasuries.
Nano Labs’ aggressive positioning follows its recent $500 million private placement and convertible notes offering, which further fuels the capital behind this altcoin accumulation strategy. Meanwhile, Build & Build Corporation, another Nasdaq-listed company led by ex-Coral Capital executives, is also assembling a $100 million BNB treasury, pointing to rising interest in BNB-focused reserves across the corporate sector.
On the charts, BNB remains technically strong, buoyed by 50-day EMA support around $645. A breakout above $660 could open up targets near $680, where a descending trendline has capped previous rallies. However, failure to hold the $645 level may expose BNB to a pullback toward $615.
As BNB retains its spot as the 5th-largest cryptocurrency by market cap, the growing involvement of publicly traded firms could shift supply dynamics and inject long-term bullish momentum.