Nano Labs Spends $50M on BNB, But Stock Price Keeps Falling

Nano Labs boldly spent $50 million on BNB in a bid to build a $1 billion reserve, but its stock price continues to plunge despite the ambitious investment strategy.

Nano Labs Spends $50m On Bnb, But Stock Price Keeps Falling

Chinese Web3 technology firm Nano Labs has announced the purchase of $50 million worth of BNB, the native cryptocurrency of the BNB Chain. The transaction was conducted via an over-the-counter (OTC) deal, acquiring 74,315 BNB at an average price of $672.45 per token.

Following the acquisition, Nano Labs’ total digital asset holdings — including Bitcoin and BNB — now stand at approximately $160 million. This move marks the first step in the company’s long-term strategy to build a $1 billion BNB reserve. Previously, Nano Labs also launched a $500 million convertible note offering, with the notes convertible into Class A shares at $20 per share.

Nano Labs Stock Price Chart
Nano Labs Stock Price Chart

According to the press release, the company aims to eventually hold between 5% and 10% of BNB’s total circulating supply. This reflects a growing trend among institutional investors to diversify their reserves beyond just Bitcoin and Ethereum. Earlier this year, Bhutan’s Gelephu Mindfulness City also included BNB alongside BTC and ETH in its reserve portfolio. In 2025, other digital assets such as Solana, XRP, and Hyperliquid are increasingly attracting institutional interest.

However, despite Nano Labs’ bold investment in BNB, its stock (ticker: NA) continues to decline. After a brief surge of over 100% on June 24 following positive news, NA has since erased all its gains. According to Google Finance data, the stock fell 4.7% by market close and slipped an additional 2.1% in after-hours trading.

Meanwhile, the price of BNB remains largely unaffected by the announcement.

Love

0.0/5

Love

Latest

Binance.us Accused Of Political Favoritism After Listing Trump Family’s Usd1 Token

News | Editor Choice | Policy & Regulations

Binance.US Accused of Political Favoritism After Listing Trump Family’s USD1 Token

Binance.US is facing a wave of fierce criticism after listing the Trump family’s USD1 stablecoin, just a week after Donald Trump’s controversial pardon of Changpeng Zhao — a move many see as a “political favor” between the White House and the crypto world.

Spacex Moves $31 Million In Bitcoin, What Is Elon Musk Planning

News | Bitcoin | Editor Choice

SpaceX Moves $31 Million in Bitcoin, What Is Elon Musk Planning?

SpaceX’s sudden $31 million Bitcoin transfer within just one week has sent shockwaves through the market, sparking speculation that Elon Musk may be preparing for a mysterious strategic move.

21shares Files For Hype Etf, While Bitwise’s Solana Etf Records

News | Altcoin | Editor Choice

21Shares Files for HYPE ETF, While Bitwise’s Solana ETF Records

The crypto ETF market is heating up as 21Shares and Bitwise roll out new products, signaling Wall Street’s growing interest in altcoins.

Bitcoin Eyes A Hopeful November Amid Fed Division On December Rate Cut

News | Bitcoin | Editor Choice

Bitcoin Eyes a Hopeful November Amid Fed Division on December Rate Cut

Following the Federal Reserve’s widely expected rate cut, the crypto market has yet to show signs of recovery as internal divisions over a potential December easing weigh on sentiment, making Bitcoin’s short-term outlook more cautious than ever.

Ethereum’s Key Changes After The Fusaka Upgrade

News | Altcoin | Editor Choice

Ethereum’s Key Changes After the Fusaka Upgrade

The Fusaka upgrade marks a pivotal step in Ethereum’s journey toward large-scale scalability, promising faster transaction speeds, enhanced security, and laying the foundation for the next explosive phase of the world’s leading blockchain.

Screenshot 2025 10 20 091338