Nano Labs Drives BNB Surge with $500M Convertible Bond Financing and Strategic Reserve Plan

Binance founder Changpeng Zhao (CZ) recently highlighted that US-listed Nano Labs Ltd has strategically positioned itself by exclusively holding BNB tokens as part of its reserve assets. Despite not participating in the latest funding round, CZ confirmed his affiliated entity’s strong backing of Nano Labs’ approach. This move underscores growing institutional interest in crypto asset reserves within traditional equity markets.

In pre-market trading, Nano Labs’ stock surged 77.04% to $18.70, reflecting investor confidence following the announcement of a substantial $500 million private placement financing. The funds will be allocated via convertible bonds to support Nano Labs’ ambitious BNB reserve strategy, signaling a robust commitment to integrating digital assets into corporate treasury management.

As part of its phased plan, Nano Labs aims to acquire $1 billion worth of BNB through these financial instruments, with a long-term objective to hold between 5% and 10% of BNB’s circulating supply. This strategic accumulation highlights the increasing adoption of cryptocurrency holdings by publicly traded companies seeking to leverage blockchain-based assets for portfolio diversification.