Nano Labs Ltd witnessed a dramatic 77.04% surge in pre-market trading, reaching $18.70 per share, following its announcement of a $500 million private placement financing. The funds will be allocated to issuing convertible bonds designated for implementing the company’s BNB reserve strategy, targeting an acquisition of $1 billion worth of Binance Coin.
As part of its long-term corporate approach, Nano Labs plans to accumulate and hold between 5% and 10% of BNB’s total circulating supply. This strategic move received explicit endorsement from Binance founder Changpeng Zhao (CZ), whose affiliated entity publicly confirmed substantial backing for Nano Labs’ initiative.
The financing plan underscores growing institutional interest in cryptocurrency assets within traditional capital markets, with publicly traded companies increasingly leveraging blockchain-based reserves for strategic positioning. CZ’s support signals confidence in crypto reserve strategies as viable corporate treasury instruments, positioning Nano Labs at the forefront of this emerging trend in financial markets.