Nano Labs has started a large plan to build a crypto high by buying BNB tokens. The chip manufacturer dropped $ 50 million at BNB this week. This is the first step towards what the company says may be a $ 1 billion for digital coins. According to Nano Labs, it wants to hold between 5% and 10% of all BNB on the market.
Nano Labs Stock Dips After Crypto Move
Based on reports, Nano Labs slid 4.5% during regular trade and another 2% in late hours to close $ 8.20 on Thursday.
That drop came despite a previous rally when the company revealed a plan to sell $ 500 million in convertible banknotes to pay for Crypto Buys. The share jumped over 100% after that financing news, but this week’s token purchase was not given the same reaction.
đ¨ Breaking đ¨
Nano Labs just acquired about $ 50 million $ BNB Via OTC – to bring our mainstream digital asset reserve to approximately $ 160 million.
đhttps://t.co/mrgpesn0nb pic.twitter.com/xvrlnsqtmc
– Nano Labs (@nanolabsltd) July 3, 2025
Financing strategy raises questions
According to the company, its combined crypto loan book now has about $ 160 million in BNB and Bitcoin. With today’s speed of about $ 658 per BNB, $ 50 million buys about 76,000 symbols.
To snag 10% of the 145,887,575 coins that are now circulating, Nano Labs would need about $ 926 million. Investors must weigh the costs of issuing convertible notes against simply buying crypto directly.
The BNB bet has risks
BNB In itself, a modest 0.60% climbed over the past 24 hours to float close to $ 654 from the press time. The market ceiling amounts to $ 93.4 billion.
According to a June 2024 Forbes Report, Binance and its former CEO, Changpeng âCZâ Zhao, collectively check about 70% of the then circulating 147 million BNB tokens.
Image: Penn Today
Not a guarantee for profit?
Anthony Scaramucci, which runs Skybridge Capital, told Bloomberg that companies’ crypto purchases are not a safe profit. He pointed out that if a company takes $ 10 in financing and puts $ 8 in Bitcoin, the shareholders may have a better time to buy Bitcoin themselves. His opinion is that law should present clear costs and profit maps before chasing large crypto efforts.
Nano Labs was established in 2019 by Sun Qifeng and Kong Jianping after they left Canaan’s board. The Singapore -based hardware manufacturer listed in 2022 and focuses on high -speed computer chips.
Their transition to crypto comes when more companies park some of their cash in digital coins. But Market Watkers will see if Nano Labs can juggle chip design, note sales and token purchases without encountering problems.
Image from Unsplash, charts from TradingView
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