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Nano Labs’ $50 Million BNB Purchase Fails to Lift Stock, Price Drops 4.7%

2 mins
Updated by Harsh Notariya
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In Brief

  • Nano Labs acquired $50 million worth of BNB, adding to its $160 million in digital assets, including BTC and BNB.
  • The company bought 74,315 BNB at an average price of $672.45 per coin via an over-the-counter (OTC) deal.
  • Nano Labs aims to build a $1 billion BNB reserve, intending to hold 5%-10% of the total circulating BNB supply.
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Nano Labs, a Chinese Web 3.0 infrastructure and product solution provider, announced today that it has acquired $50 million worth of BNB, the native cryptocurrency of the BNB Chain. 

After the completion of this transaction, the company’s total digital asset reserves, including Bitcoin (BTC) and BNB, amount to approximately $160 million.

Nano Labs Buys $50 Million in BNB

According to the press release, the company acquired 74,315 BNB at an average price of $672.45 per coin. The transaction was executed through an over-the-counter (OTC) deal. 

The $50 million BNB acquisition marks the first step in Nano Labs’ broader goal of building a $1 billion BNB reserve. In line with this, BeInCrypto reported earlier that the firm launched a $500 million convertible notes offering. The notes can be converted into Class A shares at $20 per share. 

“Over the long run, Nano Labs intends to hold 5% to 10% of BNB’s total circulating supply,” the press release reads.

Meanwhile, Nano Labs is not alone in using BNB as a reserve asset. Earlier this year, Bhutan’s Gelephu Mindfulness City (GMC) included BNB alongside Bitcoin and Ethereum in its reserves. 

This reflects a broader trend where companies are seeking to diversify their reserves beyond the two largest cryptocurrencies. In 2025, assets such as Solana (SOL), XRP (XRP), Hyperliquid (HYPE), and more have attracted institutional interest, with firms increasingly integrating these assets into their financial strategies.

Nonetheless, the Nano Labs’ BNB purchase did nothing to boost the stock prices, which have been falling since last week. While the BNB treasury announcement led to over a 100% surge in value on June 24, NA has shed all of its gains.

Nano Labs Stock Performance After BNB Buy
Nano Labs Stock Performance After BNB Buy. Source: TradingView

According to data from Google Finance, stock prices were down 4.7% at market close. The decline persisted in after-hours trading, with NA falling an additional 2.1%. Despite this, BNB has remained unaffected

BNB Price Performance
BNB Price Performance. Source: BeInCrypto

BeInCrypto data revealed that the altcoin appreciated 0.19% over the past day to trade at $661.2. Over the past week, the price has risen 2.6%.

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Disclaimer

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Kamina Bashir
Kamina is a journalist at BeInCrypto, where she writes about all things crypto—think market trends, blockchain technology, regulatory shifts, and emerging trends in the digital asset world. With a gold medal in MBA International Business and extensive experience, she brings both expertise and clarity to her reporting. Previously at AMBCrypto, Kamina was responsible for writing and editing in-depth analyses, price predictions, AI and crypto blogs, and breaking news. She’s passionate about...
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