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- Nano Labs enters a $500 million deal to back a crypto-focused strategy.
- The company sets its sights on acquiring up to $1 billion in BNB.
- Long-term goals include holding up to 10% of BNB’s supply.
Hong Kong, June 24, 2025, Nano Labs Ltd. has signed a $500 million convertible note agreement with multiple investors. The Nasdaq-listed firm plans to use the funds to initiate a large-scale accumulation of BNB, Binance’s native cryptocurrency.
It falls under the broader strategies of increasing its non-fiat treasury holdings. The convertible notes will be in force for 360 days. Within the period, investors can convert their notes into Nano Labs Class A ordinary shares at a price of $20 each.
Nano Labs will repay the principal in full upon maturity if they are not converted. They do not carry interest and are unsecured notes, implying that people have great trust in the company’s path of growth.
Nano Labs Plans to Test BNB as an Asset
The Corporation wants to address the ability of BNB to work as an asset and value holder. The organization will assess the safety policies regarding BNB before closing major business deals. Depending on market conditions, $1 billion could be the first stage of purchases, which would take BDF’s holdings close to this amount.
This strategy is a step towards the long-term goal of the company, which is to have between 5% and 10% of BNB’s market capitalization. If successful, this gesture would position Nano Labs as one of the largest institutional investors in BNB. The company also sees such allocation as a way to hedge and potentially fund future activities.
Web3 Infrastructure Meets Financial Innovation
The company Citadel offers a selection of leading cryptocurrency mining devices and Web3 blockchain solutions. By doing this, the enterprise marries its hardware leadership with wise crypto investment strategies. The corporation already holds Bitcoins as its main reserve currency.
Expanding into BNB performs an extension of its cryptocentric approach. The firm’s former products, like the Cuckoo series of chips, are recognized for their high-throughput computing. These chips give alternatives to the traditional GPUs and help in blockchain as well as other applications.
And now, with the focus on asset building, it fits well with the tech-first approach of the company. If this is all implemented according to plan, Nano Labs will construct an exclusive model that mingles blockchain infrastructure and financial leverage.
These measures will also serve to further entrench its leadership in being a crypt-integrated systems architect. Even though the agreement is yet to be fully concluded, it clearly indicates how the listed companies are now going beyond using crypto only for their day-to-day operations into using it for other areas such as long-term financial planning.
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