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BNB Gets Big Backer As Nano Labs Begins Billion-Dollar Accumulation

2025-07-05 20:38:04

BNB Gets Big Backer As Nano Labs Begins Billion-Dollar Accumulation

Main Idea

Nano Labs has initiated a plan to accumulate BNB tokens, aiming to hold 5-10% of the circulating supply, despite concerns over funding strategy and market risks.

Key Points

1. Nano Labs purchased $50 million worth of BNB tokens as part of a plan to accumulate 5-10% of the circulating supply, which would require approximately $926 million.

2. Nano Labs' stock dipped 4.5% during regular trading and 2% in after-hours trading following the announcement of the crypto purchase.

3. The company's combined crypto wallet now holds about $160 million in BNB and Bitcoin, funded partly by $500 million in convertible notes.

4. BNB's price saw a modest 0.60% increase in the past 24 hours, with a market cap of $93.4 billion, while Binance and its former CEO control about 70% of the circulating supply.

5. Anthony Scaramucci of SkyBridge Capital cautioned that corporate crypto purchases are not a guaranteed win, suggesting shareholders might be better off investing directly.

Description

Nano Labs has kicked off a big plan to build a crypto pile by buying BNB tokens. The chip maker dropped $50 million on BNB this week. It’s the first step toward what the company says could be a $1 billion treasury fund for digital coins. According to Nano Labs, it wants to hold between 5% and 10% of all BNB in the market. Nano Labs Stock Dips After Crypto Move Based on reports, Nano Labs shares slid 4.5% during regular trading and another 2% in after‑hours to close at $8.20 on Thursday. That dro...

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Tags:
Altcoin News altcoins BNB crypto Nano Labs
$BNB
$654.50
+0.05%
$BTC
$108001.6
+0.00%

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