Nano Labs has triggered a large plan to build a crypto stack by buying BNB token. The chip manufacturer has dropped 50 million US dollars at BNB this week. It is the first step in the direction of what the company says that a financial fund fund of $ 1 billion could be for digital coins. According to Nano Labs, it wants to keep between 5% and 10% of all BNB on the market.
Nano Labs Stock Dips after crypto movement
Based on reports, the Nano Labs shares were 4.5% during regular trade and a further 2% in the subsequent hours to close $ 8.20 on Thursday.
This decline came despite an earlier rally when the company presented a plan for selling 500 million US dollars of convertible notes to pay for crypto purchases. After these financing messages, the share rose over 100%, but the token -purchase of this week has not received the same reaction.
🚨 break 🚨
Nano Labs have just around 50 million US $ Bnb Via OTC – Bring our mainstream digital asset reserve to around 160 million US dollars.
🔗https: //t.co/mrgpesn0nb pic.twitter.com/xvrlnsqtmc
– Nano Labs (@Nanolabsltd) July 3, 2025
The financing strategy raises questions
According to the company, the combined crypto letter bag now has around 160 million US dollars on BNB and Bitcoin. At today’s price of around $ 658 per BNB, it buys 50 million US dollars for around 76,000 tokens.
To grab 10% of the 145,887,575 coins, the Nano Labs need around 926 million dollars. Investors must weigh up the costs for the exhibition of convertible notes against simply buying crypto.
The BNB pile consists of risks
BNB itself rose modest 0.60% in the last 24 hours to float near 654 US dollars at the time of the press time. The market capitalization is 93.4 billion US dollars.
According to June 2024 Forbes The Binance report and its former CEO, Changpeng “CZ” Zhao, jointly control around 70% of the then 147 million BNB token.
Image: Penn Today
No guarantee for the profit?
Anthony Scaramucci, who runs Skybridge Capital, said Bloomberg that corporate crypto purchases are not a safe victory. He pointed out that the shareholders, when a company occupies 10 US dollars of funds and bring in 8 US dollars in Bitcoin, is better to buy only Bitcoin himself. His view is that teams should carry out clear costs and profit cards before they pursue large crypto inserts.
Nano Labs was founded in 2019 by Sun Qifeng and Kong Jianping after leaving the Board of Canaan. The hardware manufacturer based in Singapore was performed in 2022 and focuses on high -speed computer chips.
Their relocation in crypto comes because more companies park part of their money in digital coins. However, market observers will seek whether Nano Labs Chip design, the sale and token can buy without having to come into trouble.
Selected picture of Unsplash, Diagram from Tradingview
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