en.bitcoinsistemi.com
24 June 2025 13:20, UTC
While the treasury strategy has been adopted for cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) and XRP, Binance Coin ($BNB) has recently joined this craze.
Accordingly, Nano Labs, a Nasdaq-listed cryptocurrency mining chip design company, has included $BNB as part of its treasury strategy.
According to the official statement, Chinese company Nano Labs signed a $500 million convertible bond agreement for the purchase of $BNB.
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The company plans to evaluate the security and value of $BNB and purchase up to $1 billion worth of $BNB, targeting 5-10% of its total circulating supply in the long term.
CZ also congratulated Nano Labs' $BNB move, posting the following:
“Nano Labs Ltd announced its $BNB move and the private strategic reserve is becoming a public company. Bringing $500 million to $BNB.
The stock price has skyrocketed. We (my affiliates) did not participate in this round, but we remain extremely supportive.
This is not financial advice!”
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. We (my affiliated entities) did not participate in this round, but remain extremely supportive.
Not financial advice! https://t.co/2ULQ6NGDBG
— CZ 🔶 $BNB (@cz_binance) June 24, 2025
*This is not investment advice.
