News / Chinese Firm Acquires Over $50M in BNB, Eyes $1 Billion in Holdings

Chinese Firm Acquires Over $50M in BNB, Eyes $1 Billion in Holdings

Published: 05.07.2025

Nano Labs Ltd., a China-based tech company focused on mining chip design and Web3 infrastructure, has made headlines with its bold move into Binance Coin (BNB). The firm recently confirmed the purchase of 74,315 BNB, spending approximately $50 million at an average price of $672.45 per coin.

This strategic acquisition follows the company’s earlier decision to hold Bitcoin as part of its treasury. Current data shows that Nano Labs holds exactly 1,000 BTC, placing it among the top corporate holders of the asset globally.

Publicly listed on the NASDAQ, Nano Labs has positioned itself at the forefront of digital asset adoption among Asian enterprises. With this latest investment, its total crypto holdings now exceed $160 million, spanning both Bitcoin and BNB.

The company’s recent press release also outlined plans to apply for a stablecoin license in Hong Kong. Part of its long-term strategy involves contributing to the development of regulatory frameworks for major cryptocurrencies, particularly Bitcoin and Binance Coin.

Notably, this move makes Nano Labs the first publicly traded firm to officially add BNB to its balance sheet—a trend that could soon see more corporate adopters follow. Binance founder Changpeng Zhao clarified that neither he nor affiliated entities were involved in this fundraising, though he expressed strong support for the initiative.

Earlier, Nano Labs had also announced it would begin accepting Bitcoin for payments, further signaling its commitment to deeper crypto integration across operations.

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