Whereas the treasury technique has been adopted for cryptocurrencies reminiscent of Bitcoin (BTC), Ethereum (ETH) and XRP, Binance Coin (BNB) has not too long ago joined this craze.
Accordingly, Nano Labs, a Nasdaq-listed cryptocurrency mining chip design firm, has included BNB as a part of its treasury technique.
In line with the official assertion, Chinese language firm Nano Labs signed a $500 million convertible bond settlement for the acquisition of BNB.
The corporate plans to guage the safety and worth of BNB and buy as much as $1 billion value of BNB, concentrating on 5-10% of its whole circulating provide in the long run.
CZ additionally congratulated Nano Labs’ BNB transfer, posting the next:
“Nano Labs Ltd introduced its BNB transfer and the non-public strategic reserve is turning into a public firm. Bringing $500 million to BNB.
The inventory value has skyrocketed. We (my associates) didn’t take part on this spherical, however we stay extraordinarily supportive.
This isn’t monetary recommendation!”
Nano Labs Ltd (Nasdaq: NA) turns into a $BNB-only strategic reserve public co, bringing $500 million to BNB. 👏
Their inventory value went by means of the roof. We (my affiliated entities) didn’t take part on this spherical, however stay extraordinarily supportive.
Not monetary recommendation! https://t.co/2ULQ6NGDBG
— CZ 🔶 BNB (@cz_binance) June 24, 2025
*This isn’t funding recommendation.
