Nano Labs Makes Landmark $50M Bet on Binance Coin (BNB), Becoming First Public Company to Add it to Reserves

HANGZHOU, China – In a major strategic pivot, Chinese Web3 and chip manufacturer Nano Labs has announced the acquisition of 74,315 Binance Coins (BNB), making it the first publicly traded company in the world to add the token to its corporate treasury.

The transaction, valued at approximately $50 million, signals a significant expansion of the company’s digital asset strategy, which had previously been focused solely on Bitcoin (BTC). Last year, Nano Labs made waves by purchasing $55 million in Bitcoin and designating it as a primary reserve asset.

This new acquisition brings the company’s total digital currency holdings to approximately $160 million.

A Calculated Move Ahead of New Regulations

This isn’t just a diversification play. Nano Labs’ purchase is a calculated move to position itself for upcoming regulatory changes in Asia. The company explicitly linked the acquisition to its plan to capitalize on Hong Kong’s new Stablecoins Bill, which is set to take effect in August.

Nano Labs has stated its intention to apply for a stablecoin license in Hong Kong, leveraging the regulatory framework to innovate further in the digital finance space. The move has reportedly received support from Binance founder Changpeng “CZ” Zhao.

Key Details of the Acquisition:

• Asset: 74,315 Binance Coins (BNB)

• Total Value: Approx. $50 million

• Average Price: $672.45 per BNB

• Significance: First publicly traded company to hold BNB in its reserves.

From Bitcoin Focus to a Broader Web3 Strategy

The addition of BNB, the fifth-largest cryptocurrency by market capitalization, marks a deliberate shift for Nano Labs. While the company began accepting Bitcoin payments late last year to attract clients who value innovative financial solutions, this new investment diversifies its treasury and aligns it more closely with the broader Web3 ecosystem, where BNB plays a pivotal role.

By embracing both Bitcoin and Binance Coin, Nano Labs is solidifying its position as a forward-thinking leader in the digital asset space. This landmark acquisition sets a precedent for other publicly traded companies and signals a growing corporate confidence in blue-chip digital assets beyond Bitcoin.