In an aggressive push into digital assets, chipmaker Nano Labs has kicked off its strategy to become one of the largest holders of BNB.
The company recently purchased $50 million worth of the token, signaling the start of what could become a billion-dollar crypto treasury.
Nano Labs is aiming to accumulate up to 10% of the total BNB supply — a goal that would require nearly $1 billion at current market prices. Its crypto reserves, now holding around $160 million in BNB and Bitcoin, reflect a dramatic shift in strategy for the Singapore-based hardware firm.
However, investors aren’t fully convinced. After the BNB purchase, the company’s stock slipped over 6% across the day and after-hours trading. That’s a sharp contrast to the surge Nano Labs experienced earlier when it announced plans to raise $500 million through convertible notes to fund its crypto ambitions.
The move isn’t without risk. BNB, priced around $654, is still tightly held, with Binance and its former CEO reported to control the majority of circulating tokens. Critics, including SkyBridge Capital’s Anthony Scaramucci, have warned that corporate crypto plays can backfire if the capital structure and long-term value aren’t clearly mapped out.
Founded by ex-Canaan executives in 2019, Nano Labs is now navigating uncharted territory—balancing chip design, token acquisition, and investor expectations, all while betting big on the future of crypto as a corporate reserve.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/this-chipmaker-makes-bold-move-to-build-massive-bnb-holdings/