BNB Gets Big Backer As Nano Labs Begins Billion-Dollar Accumulation

Nano Labs has kicked off a big plan to build a crypto pile by buying BNB tokens. The chip maker dropped $50 million on BNB this week. It’s the first step toward what the company says could be a $1 billion treasury fund for digital coins. According to Nano Labs, it wants to hold between 5% […]

Jul 6, 2025 - 03:10

BNB Gets Big Backer As Nano Labs Begins Billion-Dollar Accumulation

Nano Labs has kicked off a big plan to build a crypto pile by buying BNB tokens. The chip maker dropped $50 million on BNB this week. It’s the first step toward what the company says could be a $1 billion treasury fund for digital coins. According to Nano Labs, it wants to hold between 5% and 10% of all BNB in the market.

Nano Labs Stock Dips After Crypto Move

Based on reports, Nano Labs shares slid 4.5% during regular trading and another 2% in after‑hours to close at $8.20 on Thursday.

That drop came despite a previous rally when the firm unveiled a plan to sell $500 million in convertible notes to pay for crypto buys. The stock jumped over 100% after that funding news, but this week’s token purchase didn’t get the same reaction.