A big bet of $1 billion! Nano Labs rewrites crypto investment rules. BNB strategic reserves shock the market | Binance CZ | BNB | Bullrun

## A big bet of $1 billion! Nano Labs rewrites crypto investment rules, BNB's strategic reserves shock the market On July 3, 2025, Nasdaq listed chip company Nano Labs (stock code: NA) announced that it would purchase **74, 315 BNBs in one go through over-the-counter trading, worth US$50 million. The deal pushed the company's digital asset reserves to $160 million, but it was just the first step in its grand strategy. According to the company's plan, Nano Labs is raising $1 billion by issuing convertible bonds and other means, targeting **5%-10% of the total BNB circulation. If the target is achieved, based on the current BNB circulation market value, its holding value will be as high as 4.7 billion to 9.4 billion US dollars, setting a precedent for listed companies to hold large amounts of public chain tokens. --- ### 01 The radical transformation of chip giants, Nano Labs' strategic revolution Nano Labs was originally a Chinese company focusing on the design of ** high-throughput computing chips, and its products are mainly used in Bitcoin mining and artificial intelligence systems. However, traditional business growth is weak - the second half of 2024 financial report showed that the company's revenue was only US$2.2 million, a year-on-year decline of 39%, and its operating loss reached US$8.4 million. Faced with performance pressure, the management launched a turning plan that shocked the market in June 2025: - ** Issuing bonds and buying coins**: Issuing 360-day interest-free convertible bonds**, with the initial conversion price set at US$20 per share- **Target lock-in**: Include BNB into the core assets of the balance sheet, with a target of 10% of the circulation - **Strategic Synergy**: Combining its chip business and Web3 infrastructure layout, the transformation to create a "computing power + asset" dual engine has quickly received a response from the capital market. On the day of the announcement, Nano Labs' stock price soared by more than 100% during the session, soaring from $10.89 to $29.18, and finally closed at $14.85, a single-day increase of 64.8%. The market voted with real money to express its initial recognition of this gamble. ### 02 Dissecting the $1 billion reserve plan, BNB's institutional value captures Nano Labs' BNB acquisition is by no means a retail-style impulse building position, but a ** precision-designed institutional-level operation**. Its reserve plan is implemented in three phases: 1. **Short-term financing**: Raise US$500 million in initial funds through convertible bonds and private equity 2. **Medium-term accumulation**: Purchase BNB in batches through over-the-counter trading (OTC) to avoid market impact 3. **Long-term holding**: Lock in 5-10% of the circulation, becoming one of the largest institutional shareholders of the BNB ecosystem, choosing BNB as the core reserve asset, highlighting its unique value logic: - **Public chain independence**: Binance co-founder CZ publicly emphasized that "BNB is an independent asset separated from Binance Exchange", avoiding the regulatory risks of centralized platform tokens - **Ecological support**: As **BNB Chain native token**, BNB has rigid demand in transaction fees, node pledge and other scenarios, and its market value is firmly in the top five crypto assets- **Deflation Model**: Standard Chartered Bank's research report predicts that BNB prices may reach $2,775 in three years, with potential appreciation space exceeding 300%. * Table: Nano Labs' current digital asset reserve composition* | Asset type | Holding quantity | Value (USD) | Average purchase price | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Although BNB once surged to $665 after the news was announced, it did not form a sustained increase, and the current price fluctuated in the range of $657-664. Technical aspects show that BNB is in an upward channel: - **Moving average breakout**: Prices stand firm above the 50-day, 100-day and 200-day moving averages - **Indicator is bullish**: RSI rises to 55.48, MACD shows a cash cross, showing bulls accumulating power - **Key resistance**: If you break through the suppression of US$688, it is expected to impact the medium-term target of US$750. The far-reaching impact is to trigger the **institutional follow-up effect**. After Nano Labs announced its plan, the market quickly spread: - The former Coral Capital executive team is raising $100 million through the Nasdaq Shell, specifically for BNB investment - Several unnamed institutions have contacted the Binance ecosystem and explored similar reserve solutions. Binance founder CZ expressed on social media: "No one is driven by us at present, but we are extremely supportive." A green light was shown for the entry of institutions. ### 04 In-depth risk perspective, hidden worries behind the gamble. Although the narrative is grand, Nano Labs' transformation path is full of thorns: **Financial leverage crisis** - The investment scale of US$1 billion is far exceeding the company's market value (currently approximately US$650 million **), and continuous bond financing is required - If convertible bonds are not converted on time, they will face **concentrated repayment pressure in 360 days **Asset volatility trap** - BNB plummeted in a single day in 2024**, and the market value of 100 billion evaporated instantly, and high-concentration holdings will amplify the impact of volatility - The company's nearly US$160 million crypto assets account for too high a proportion of net assets, and the bear market may cause balance sheet to deteriorate **Strategic synergy doubts** - There has been no clear synergy path between chip design and BNB reserves- The regulatory risks have not been completely lifted, and the US SEC still has controversy over the attributes of public chain tokens. Many analysts pointed out that this "**All in Crypto**" strategy is extremely rare among traditional listed companies, and essentially deeply binds the company's fate to a single crypto asset. ### 05 Ecological expansion, strategic chess game beyond financial investment. Sharp observers have found that Nano Labs' actions are more than financial investment. On July 8, 2025, it announced a strategic cooperation with Layer2 cross-chain bridge protocol, Orbiter Finance, to jointly develop a compliant stablecoin cross-chain solution NBNB.io. The core features of the project include: - Support the exchange of multiple fiat currency stablecoins such as ** USD, Hong Kong dollar, offshore RMB, etc. - Relying on Orbiter's **23.6 billion cross-chain trading capabilities - It is planned to be launched in the fourth quarter of 2025 to build a compliance channel for fiat currency and crypto assets. This move reveals Nano Labs' deeper strategic intention: By controlling massive BNB reserves and combining cross-chain infrastructure, it will become a gateway for ** institutions to enter the crypto ecosystem. Its role is transforming from chip manufacturers to crypto financial services providers. --- With the arrival of 74 and 315 BNBs from Nano Labs, a battle to rewrite the history of crypto investment has begun. If it can really achieve the goal of holding 10% circulation, it will directly control 14 million BNBs - this number exceeds the official cold wallet reserves of Binance and is enough to influence market liquidity. The end of this gamble is still unpredictable, but the trend has already emerged: **MicroStrategy's Bitcoin script is being rewritten, and public chain tokens have officially entered the balance sheet of listed companies**. When traditional capital pours into the crypto world through tools such as convertible bonds, a new wave of institutionalization has quietly begun. As Binance CZ said, "BNB is an independent public chain asset." Nano Labs is voting for $1 billion to bet on a future dominated by decentralized finance.