Nano Labs is embarking on an ambitious initiative aimed at enhancing their presence in the cryptocurrency market by acquiring BNB tokens. This week, the tech company announced a significant investment of $50 million in BNB, signaling the first step toward establishing a projected $1 billion treasury fund dedicated to digital assets. The firm aims to secure between 5% and 10% of all BNB tokens available in the market, positioning itself as a major player in the sector.
Market Reaction to Strategy Shift
Following the announcement, Nano Labs’ stock experienced a noticeable decline, dropping 4.5% during regular trading hours and an additional 2% in after-hours trading, concluding the day at $8.20 on Thursday.
This decrease comes after a prior surge in stock value due to the company’s strategy to sell $500 million in convertible notes to finance its crypto acquisitions. Despite the substantial forward momentum from that note sale announcement, the latest token buy has not elicited a similar positive response.
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Nano Labs has successfully acquired about $50 million worth of $BNB through OTC trades, elevating our digital asset reserves to approximately $160 million.
— Nano Labs (@NanoLabsLtd) July 3, 2025
Evaluating the Financial Implications
According to company statements, their aggregated crypto portfolio now holds approximately $160 million, primarily comprising BNB and Bitcoin. At the current market price of about $658 per BNB, this recent $50 million investment translates to roughly 76,000 tokens.
To gain control of 10% of the current circulation of 145,887,575 coins, Nano Labs would require nearly $926 million. This calculation raises questions for investors about the efficacy of issuing convertible notes compared to direct cryptocurrency investments.
Risk Assessment of BNB Investment
The price of BNB noted a modest increase of 0.60% within the last 24 hours, maintaining proximity to $654 as the latest figures suggest. Its overall market capitalization reaches approximately $93.4 billion.
A report from June 2024 indicated that Binance and its former leader, Changpeng “CZ” Zhao, are reported to control around 70% of the circulating supply of BNB tokens.
Strategic Considerations for Investors
Anthony Scaramucci of SkyBridge Capital expressed to Bloomberg that corporate investment in cryptocurrency does not guarantee success. He emphasized that if a company allocates $10 in funding and invests $8 into Bitcoin, shareholders may benefit more from purchasing Bitcoin individually. Scaramucci stressed the importance of clear cost-benefit analysis before pursuing large blockchain investments.
Nano Labs, founded in 2019 by Sun Qifeng and Kong Jianping after parting ways with Canaan’s board, has rapidly evolved. Based in Singapore, the hardware company made its public debut in 2022, specializing in advanced computing chips. Their venture into cryptocurrency mirrors a growing trend among businesses diversifying their treasury strategies to include digital assets. However, industry observers are keen to see whether Nano Labs can effectively balance its core operations of chip development, capital raising, and cryptocurrency acquisitions.
Image source: Unsplash, chart from TradingView
