Nano Labs Stock Soars on Plan for BNB-Only Treasury

• Nasdaq-listed Nano Labs announced a pivot to a “$BNB-only” treasury strategy.
• The company is raising $500 million to begin acquiring up to $1 billion in BNB.
• The news sent the company‘s stock price soaring, a move noted by Binance’s CZ.

The stock of a Nasdaq-listed chipmaker, Nano Labs, shot up on Tuesday after the company announced a radical new corporate strategy: its restructuring its treasury to focus exclusively on Binance Coin (BNB).

The move immediately caught the attention of Binance founder Changpeng Zhao, who flagged the shift to his followers. In a social media post, he laid out the situation: “Nano Labs Ltd (Nasdaq: NA) becomes a $BNB-only strategic reserve public co, bringing $500 million to BNB. Their stock price went through the roof.”

Nano Labs disclosed that the zero-interest notes mature in 360 days and are convertible into the firm‘s Class A shares at an initial price of $20 per share. The deal, though not yet finalized, sets the foundation for the company’s BNB Strategic Reserve initiative.

The company will first evaluate BNBs technical resilience, market behavior, and security model before increasing its holdings. This acquisition push marks a shift from a Bitcoin-only reserve model to a multi-asset treasury approach.

CZ Backs the Move, Clarifies No Binance Stake

But Zhao was quick to clarify that while he supports the move, his own entities are not involved in the deal. “We (my affiliated entities) did not participate in this round, but remain extremely supportive,” he wrote.

That distinction is critical. It positions Nano Labs decision as an independent, organic choice driven by its own analysis, signaling to the market that institutional confidence in BNB is growing on its own merits.

BNB Joins Bitcoin as Strategic Asset on Public Firms Balance Sheet

Nano Labs has already established itself in the crypto infrastructure space through its high-performance Cuckoo series chips. In December 2024, it began accepting Bitcoin payments for services. Now, it is moving further into digital asset management by adding BNB to its reserves.

If completed, Nano Labs BNB accumulation would make it one of the largest known holders outside of Binance. The company joins a growing list of institutions turning to BNB as a strategic reserve asset.

Related: BNB Chain Monthly Perp Volume Hits Record High of $33.29B: Whats Driving It？

Just one day earlier, former Coral Capital Holdings executives announced plans to raise $100 million through a Nasdaq-listed vehicle to buy BNB for corporate use. That effort signals rising institutional interest in Binance Coin, which has often been overlooked compared to Bitcoin and Ethereum.