Nano Labs Ltd, a provider of Web3 infrastructure and product solutions based in China, has announced a significant investment in cryptocurrency. The company has acquired 74,315 Binance Coin (BNB) tokens through over-the-counter (OTC) transactions, with an average purchase price estimated at $672.45 per token. This transaction totals around $50 million.
With this latest acquisition, Nano Labs’ overall digital asset reserves, which now include both BNB and Bitcoin, have reached approximately $160 million. This marks a key achievement in the company’s strategy to accumulate Binance Coin.
As detailed in a press release issued on July 3, the Hong Kong-listed firm is looking to purchase up to $1 billion worth of BNB in its initial phase, utilizing convertible notes and private placements.
BREAKING
Nano Labs just acquired approximately $50M worth of $BNB via OTC — bringing our mainstream digital asset reserve to around $160M.
https://t.co/MrgpeSN0NB pic.twitter.com/XvrlnsqtMC
— Nano Labs (@NanoLabsLtd) July 3, 2025
Nano Labs Emerges as Pioneer in BNB Accumulation
Looking toward the future, Nano Labs aims to control between 5% and 10% of the total circulating supply of BNB. The company had previously established a $500 million convertible note agreement on June 24 as part of its broader strategy to support BNB accumulation.
At that time, Nano Labs emphasized that it would carry out thorough examinations of BNB’s utility, network security, and long-term investment viability.
@NanoLabsLtd has entered into a $500 million convertible note agreement as part of a broader strategy to accumulate BNB worth up to $1 billion.#NanoLabs #BNBhttps://t.co/mPyfq9HiSQ
— Finance Newso.com (@Finance Newso) June 24, 2025
The company’s latest acquisition suggests that it has completed its evaluation and is fully committed to appointing BNB as a strategic reserve asset.
In the early hours of July 3, Nano Labs released a promotional video highlighting Binance’s nearly eight-year operational journey. The advertisement urged, “Nano Labs is cheering you on as the big day approaches. Let’s keep building the future together,” which has led many observers to believe in the firm’s genuine conviction regarding BNB’s utility and value as a reserve asset, possibly positioning it as the first public company to stockpile this ERC-20 token to such an extent.
In addition to BNB, the company’s cryptocurrency holdings include Bitcoin, which has become a standard reserve asset among public firms. Nano Labs currently ranks 31st among publicly traded companies in terms of Bitcoin holdings, boasting over 1,000 BTC in its treasury.
Source: Bitcoin Treasuries
On June 27, Binance founder Changpeng Zhao (CZ) was seen interacting with Nano Labs through X, inquiring about how many BNB tokens could be obtained with the dollar equivalent of their Bitcoin holdings.
How many $BNB is that? https://t.co/mG8kluuhCt
— CZ BNB (@cz_binance) June 27, 2025
In response, Nano Labs reaffirmed its commitment to BNB, stating, “More $BNB loading.”
BNB Price Action: Potential for New Heights
As of the latest available data, BNB is trading at $658.64, experiencing slight fluctuations and a modest gain of 2.11% over the past week despite a generally positive market trend.
The cryptocurrency holds its position as the fifth-largest digital asset by market capitalization, surpassing $92 billion, and achieving an average daily trading volume of more than $300 million.
Source: CoinMarketCap
As public companies increasingly recognize BNB’s potential, the token may soon surpass the $662 resistance level, potentially reaching its all-time high of $793 set in December 2024.
Earlier in January, the Gelephu Mindfulness City (GMC) in Bhutan indicated plans to include BNB in its strategic reserves alongside Bitcoin and Ethereum. However, since this announcement, the country, known for its favorable stance on crypto akin to that of El Salvador, has not provided updates on any actual BNB purchases.
Bhutan becomes the first to offer a national crypto payment system for tourism through Binance Pay.#Bhutan #Binance https://t.co/PR8sbIBtFn
— Finance Newso.com (@Finance Newso) May 7, 2025
By adopting BNB, Bhutan could directly engage with the Binance ecosystem, which offers various DeFi tools, staking opportunities, and blockchain infrastructure.
Nano Labs’ latest move underscores the growing trend of cryptocurrency adoption as a strategic reserve asset, particularly for utility tokens beyond Bitcoin. On June 30, BitMine Immersion Technologies announced a $250 million private placement aimed entirely at accumulating Ethereum (ETH), marking a significant step in establishing an ETH treasury. Similarly, on May 28, Upexi, focused on Solana, added 56,000 SOL to its reserves, totaling 735,692 SOL valued at over $110 million based on current market rates.
The post Nano Labs Loads Up on BNB – $50M Today, $1B War Chest in Sight appeared first on Finance Newso.
