Nasdaq-listed tech firm Nano Labs has acquired 74,315 Binance Coin (BNB) tokens for $50 million in an over-the-counter deal, expanding its cryptocurrency reserves to $160 million. The purchase, executed at an average price of $672.45 per token, signals a strategic pivot toward crypto asset accumulation amid declining hardware revenue .
Strategic Shift from Hardware to Crypto Reserves
Nano Labs, historically focused on mining hardware like iPollo chips, is redirecting capital toward digital assets after reporting a 39% revenue drop in late 2024. The company slashed R&D spending by 62% to offset losses, freeing liquidity for crypto investments . This acquisition follows a prior $40 million Bitcoin purchase, positioning BNB and BTC as dual pillars of its treasury strategy .
$1 Billion BNB Treasury Ambition
The transaction marks the first step toward Nano Labs’ goal of building a $1 billion BNB treasury, targeting 5–10% of the token’s circulating supply. To fund this, the firm plans to raise $500 million through private placements and zero-interest convertible notes . The announcement briefly lifted BNB’s price by 2%, though it stabilized near $660 amid broader market fluctuations.
Corporate Crypto Trend Gains Momentum
Nano Labs joins a growing list of firms mirroring MicroStrategy’s crypto-treasury playbook. Former Coral Capital executives are separately raising $100 million for a BNB-focused entity, while other companies target Ethereum and Solana reserves . This trend highlights institutional confidence in altcoins as treasury assets beyond Bitcoin .
Market Implications
• BNB Stability: BNB held support at $645 post-announcement, with technical indicators suggesting bullish momentum .
• Stock Volatility: Nano Labs’ shares (NA) dipped 9.66% daily but surged 109% monthly, reflecting mixed investor sentiment .
• Supply Impact: Accumulating 5–10% of BNB’s circulating supply could tighten liquidity, potentially boosting long-term valuation .
BNB/USDT daily chart
Nano Labs’ aggressive pivot underscores a broader corporate shift toward crypto diversification, blending treasury management with strategic bets on blockchain ecosystems.
