Nano Labs Invests $50M in BNB and Plans $1B Crypto Reserve

China-based Nano Labs makes a bold $50 million BNB purchase, positioning itself as the first public company to stockpile Binance Coin at scale.

Nano Labs Ltd, a Hong Kong-listed Web3 infrastructure provider, has significantly ramped up its digital asset strategy by acquiring 74,315 Binance Coin (BNB) tokens through over-the-counter deals valued at approximately $50 million. This high-profile purchase marks a pivotal step in the company’s ambitious plan to establish BNB as a core treasury asset, potentially becoming the first publicly traded firm to do so at scale.

A Strategic Shift Toward BNB

The BNB acquisition, announced in a July 3 press release, was made at an average price of $672.45 per token, signaling not only confidence in BNB’s current valuation but a broader strategy to increase exposure to the Binance ecosystem.

With this latest move, Nano Labs’ total digital asset reserves now exceed $160 million, comprising both Bitcoin and BNB holdings. The company’s longer-term goal is even more ambitious—to accumulate up to $1 billion worth of BNB through convertible notes and private placements, according to corporate filings and public disclosures.

“Nano Labs is cheering you on as the big day approaches. Let’s keep building the future together,” the company declared in a promotional video released early July 3, celebrating Binance’s near-eight-year history.

This statement, accompanied by a sleek marketing video, has fueled speculation that Nano Labs is not just investing for financial gain, but is aligning itself with Binance’s broader technological and financial vision.

From BTC to BNB: A Diversifying Crypto Treasury

Nano Labs began its treasury strategy with Bitcoin, joining the ranks of public companies holding BTC as a strategic reserve. With over 1,000 BTC in its treasury, it currently ranks 31st among public companies by Bitcoin holdings.

But its shift to BNB marks a significant diversification move. In June, the company secured a $500 million convertible note agreement to support its BNB acquisition strategy. At that point, executives stated they would evaluate BNB’s utility, network security, and long-term potential—a process that now appears complete.

The company has expressed its intent to control between 5% and 10% of BNB’s circulating supply, a staggering goal that, if met, would solidify BNB’s role in the treasury strategies of corporate investors.

Binance Connection Draws Attention

The move has not gone unnoticed by Binance leadership. On June 27, Binance founder Changpeng Zhao (CZ) interacted with Nano Labs on social platform X (formerly Twitter), after the company posted a screenshot of its Bitcoin holdings. CZ asked what the equivalent amount would be in BNB, prompting a bullish reply from the firm: “More $BNB loading.”

While brief, the interaction served to amplify interest in Nano Labs’ crypto strategy and added credibility to its BNB campaign among retail and institutional watchers alike.

BNB Price Holds Steady Amid Growing Corporate Interest

At the time of the announcement, BNB is trading at $658, showing little change in daily price and up just 2% over the past week. Despite this, the token retains its position as the fifth-largest cryptocurrency by market cap, currently valued at over $92 billion, with a daily trading volume exceeding $300 million.

BNB’s all-time high stands at $793, reached in December 2024. With Nano Labs’ strategic entry and the potential for additional corporate participation, analysts expect the token could test the key resistance level at $662, possibly paving the way for a retest of its ATH.

The Bigger Picture: Expanding Corporate Crypto Treasuries

Nano Labs’ BNB bet is part of a larger wave of public companies diversifying into altcoins beyond Bitcoin:

• BitMine Immersion Technologies on June 30 unveiled a $250 million private placement to build an Ethereum-only treasury, the first of its kind.
• Earlier in June, SharpLink Gaming disclosed a strategic purchase of 176,271 ETH, valued at $463 million, making it the largest known Ethereum holder among public firms.
• On May 28, Upexi, a Solana-focused treasury vehicle, expanded its holdings by 56,000 SOL, pushing its total to 735,692 SOL—worth over $110 million at current prices.
• Bhutan’s Gelephu Mindfulness City (GMC) also announced intentions in January to add BNB to its sovereign reserves, though no follow-up purchases have been disclosed to date.

These moves reflect a growing recognition of the strategic value of altcoins like Ethereum, Solana, and BNB—not just as investment assets, but as entry points into decentralized ecosystems offering smart contracts, staking, and governance capabilities.

A Turning Point for BNB and Institutional Adoption

With its aggressive accumulation strategy, Nano Labs is not only pioneering public BNB holdings but also reinforcing BNB’s legitimacy as a strategic reserve asset. If the firm succeeds in acquiring a significant portion of BNB’s circulating supply, it could influence both market dynamics and corporate adoption trends, setting a precedent for others to follow.

As the crypto landscape matures, the lines between utility tokens and reserve assets continue to blur. Nano Labs’ billion-dollar BNB bet may well mark the beginning of a new era in institutional crypto finance—one where smart contract platforms and native tokens hold seats next to Bitcoin in corporate vaults.