In brief
- Nano Labs, a blockchain infrastructure firm, announced plans to buy $1 billion worth of BNB in the near future.
- Ultimately, the company says, it wants to buy up to $9.4 billion worth of the Binance-linked cryptocurrency.
- Upon news of the treasury plans, which will be funded by sales of convertible notes, Nano’s stock nearly tripled in value.
Publicly traded companies might have a new favorite cryptocurrency to dump billions of dollars into, in the hopes of sending their stock prices soaring—and it’s not Bitcoin, or even Ethereum. It’s BNB.
On Tuesday, Nano Labs, a publicly traded blockchain infrastructure provider in China, announced a near-term plan to purchase $1 billion worth of BNB. The company plans to store the…
Jun 25 2025
