Financial strategies have been adopted in cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) and XRP, but Binance Coin (BNB) has recently joined the trend.
Therefore, Nano Labs, a cryptocurrency mining chip design company registered with NASDAQ, has included BNB as part of its financial strategy.
According to an official statement, Chinese company Nano Labs has signed a $500 million convertible bond agreement for the purchase of BNB.
The company values BNB security and value and plans to purchase up to $1 billion worth of BNB, with a target of 5-10% of total distribution supply in the long term.
CZ also congratulated Nano Labs’ BNB Move and posted:
“Nano Labs Ltd has announced the move by BNB, and private strategic reserves are becoming public companies. They have brought $500 million to BNB.
Stock prices are rising sharply. We (my affiliate) did not participate in this round, but we are extremely supportive.
This is not financial advice! ”
Nano Labs Ltd (NASDAQ: NA) will become a $BNB-only strategic reserve public Co, bringing $500 million to BNB. 👏
Their stock price went through the roof. We (my related entity) did not participate in this round, but are extremely supportive.
Not financial advice! https://t.co/2ulq6ngdbg
– CZ🔶BNB (@CZ_BINANCE) June 24, 2025
*This is not investment advice.