Nano Labs, a Chinese language Internet 3.0 infrastructure and product resolution supplier, introduced in the present day that it has acquired $50 million price of BNB, the native cryptocurrency of the BNB Chain.
After the completion of this transaction, the corporate’s whole digital asset reserves, together with Bitcoin (BTC) and BNB, quantity to roughly $160 million.
Nano Labs Buys $50 Million in BNB
In keeping with the press launch, the corporate acquired 74,315 BNB at a median value of $672.45 per coin. The transaction was executed by an over-the-counter (OTC) deal.
The $50 million BNB acquisition marks step one in Nano Labs’ broader objective of constructing a $1 billion BNB reserve. In keeping with this, BeInCrypto reported earlier that the agency launched a $500 million convertible notes providing. The notes will be transformed into Class A shares at $20 per share.
“Over the long term, Nano Labs intends to carry 5% to 10% of BNB’s whole circulating provide,” the press launch reads.
In the meantime, Nano Labs will not be alone in utilizing BNB as a reserve asset. Earlier this yr, Bhutan’s Gelephu Mindfulness Metropolis (GMC) included BNB alongside Bitcoin and Ethereum in its reserves.
This displays a broader development the place firms are searching for to diversify their reserves past the 2 largest cryptocurrencies. In 2025, property comparable to Solana (SOL), XRP (XRP), Hyperliquid (HYPE), and extra have attracted institutional curiosity, with corporations more and more integrating these property into their monetary methods.
Nonetheless, the Nano Labs’ BNB buy did nothing to spice up the inventory costs, which have been falling since final week. Whereas the BNB treasury announcement led to over a 100% surge in worth on June 24, NA has shed all of its features.
In keeping with knowledge from Google Finance, inventory costs had been down 4.7% at market shut. The decline persevered in after-hours buying and selling, with NA falling a further 2.1%. Regardless of this, BNB has remained unaffected.
BeInCrypto knowledge revealed that the altcoin appreciated 0.19% over the previous day to commerce at $661.2. Over the previous week, the worth has risen 2.6%.
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