Nano Labs, a Nasdaq-listed Chinese tech firm, has invested $50 million in Binance Coin (BNB), signaling strong confidence in cryptocurrency’s future. This purchase of 74,315 BNB tokens at $672.45 each increases their digital asset holdings to $160 million. The company aims to own 5-10% of BNB’s circulating supply, potentially worth $1 billion.
Nano Lab Makes Strategic Investment in BNB
Nano Labs’ $50 million BNB purchase was completed through an over-the-counter transaction, a key step in their crypto strategy. The company, known for advanced computing chips, sees BNB as vital for blockchain-based products. They announced a $500 million convertible note deal in June 2025 to fund additional BNB purchases. This could reduce BNB’s available supply, potentially driving its price higher.
The BNB investment has fueled a massive 100% surge in Nano Labs’ stock, reaching $22 per share last month. Investors are thrilled by the company’s pivot to virtual assets, mirroring strategies like Michael Saylor’s Bitcoin investments. Nano Labs plans to raise more funds through private placements to support their $1 billion BNB goal.
The firm is also exploring stablecoin projects utilizing the BNB Chain, with a focus on Hong Kong dollar and offshore RMB stablecoins. This will position the company as a pioneer in blending traditional tech with blockchain. While claims of Ethereum investments or supply chain solutions remain unverified, Nano Lab’s BNB strategy remains clear.
Other Cryptocurrencies Get Attention Too
The recent actions taken by Nano Labs reflect a significant trend among major corporations, which are increasingly engaging with cryptocurrencies, including Bitcoin and Ethereum, as they adapt their corporate treasuries to accommodate digital assets. Nano Labs’ strategy highlights the importance of BNB within the Web3 ecosystem. However, they are not the only firm making substantial commitments; several other companies are also investing notably across various cryptocurrencies.
For example, six days ago, Bitcoin Treasury Corporation, a Canadian firm specializing in institutional-grade Bitcoin services, acquired 292.8 BTC for $31.6 million. The company plans to leverage its Bitcoin holdings for lending and liquidity solutions.
Ethereum is also witnessing considerable interest from institutional investors, driven by its smart contract capabilities and the recent approval of exchange-traded funds (ETFs). For instance, Bitcoin mining firm Bit Digital, Inc. (NASDAQ: BTBT) announced a $150 million public offering to fund its transition from Bitcoin mining to Ethereum staking and treasury asset management.
