Share this article
Nano Labs Buys $50M in BNB in $1B Plan to Hold Up to 10% of Supply
The purchase is part of a larger plan and brings Nano Labs' total digital asset reserves to around $160 million.
Jul 4, 2025, 10:43 a.m.
What to know:
- Nano Labs bought $50 million worth of Binance's BNB token, acquiring 74,315 BNB at an average price of $672.45.
- The purchase is part of a plan to allocate up to $1 billion to BNB, funded in part by $500 million in convertible notes, and brings Nano Labs' total digital asset reserves to around $160 million.
Nano Labs (NA), a Nasdaq-listed chipmaker, snapped up about $50 million worth of Binance’s BNB token as it works toward a goal of owning as much as 10% of the total supply.
The Hong Kong-based company said it bought 74,315 BNB in an over-the-counter deal at an average price near $672.45, lifting its total digital asset reserves, including bitcoin , to around $160 million.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The purchase marks the first major step in Nano Labs’ plan to allocate as much as $1 billion to BNB, funded partly through $500 million in convertible notes.
Nano Labs’ shares fell 4.7% on Thursday, and slipped another 2.15% after hours to $8.20.
The company isn’t alone in looking to accumulate BNB as a treasury reserve asset. A group of former hedge-fund executives late last month revealed plans to raise $100 million to buy the cryptocurrency through a Nasdaq-listed shell company.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Polkadot Rises 4% as Crypto Markets Stabilize
The token has support at the $2.19 level and resistance at $2.39.
What to know:
- DOT climbed from $2.13 to $2.21 in the last 24 hours.
- An exceptional volume surge of 15.89M tokens drove a breakout attempt before momentum faded.
- The token consolidated around the $2.19-$2.20 zone with resistance capping gains near $2.39.
Top Stories
