Chinese Web3 infrastructure provider Nano Labs has made a bold move into the crypto reserves game, acquiring $50 million worth of BNB, the native token of the BNB Chain. The company secured 74,315 BNB at an average price of $672.45 through an over-the-counter (OTC) transaction.
This purchase boosts Nano Labs’ total digital asset reserves—including Bitcoin and BNB—to approximately $160 million, marking a significant step in its long-term goal of building a $1 billion BNB reserve.
“Over the long run, Nano Labs intends to hold 5% to 10% of BNB’s total circulating supply,” the company stated in its press release.
The acquisition follows the company’s $500 million convertible note offering, which allows investors to convert into Class A shares at $20/share. This capital infusion supports Nano Labs’ broader ambition to cement BNB as a key reserve asset in its treasury.
However, the market reaction has been mixed. While Nano Labs (NASDAQ: NA) saw its stock more than double after the June 24 BNB treasury announcement, shares have since declined. As of the latest close, NA was down 4.7%, with an additional 2.1% drop in after-hours trading.
Nano Labs joins a growing list of institutions turning to BNB as a treasury reserve, alongside Bitcoin and Ethereum. Notably, Bhutan’s Gelephu Mindfulness City also added BNB to its sovereign crypto reserves earlier this year.
In 2025, the institutional appetite for alternative digital assets continues to grow, with Solana (SOL), XRP (XRP), and Hyperliquid (HYPE) gaining attention as part of diversified financial strategies.
Despite Nano Labs’ stock dip, BNB itself remained stable, indicating confidence in the token’s broader market position.
July 2025, Cryptoniteuae