Chinese chip designer Nano Labs adds $50 million in BNB to crypto treasury

Nasdaq-listed chip maker Nano Labs (ticker NA) bought 74,315 BNB for roughly $50 million at an average price of $672.45, pushing its corporate crypto reserve to about $160 million, the company said Thursday.The purchase marks Nano’s first scoop since it announced a $500 million convertible-note program on June 24 to acquire BNB Chain's native token. Management wants to hold 5% to 10% of BNB’s circulating supply — potentially $1 billion at current prices — after deeming the coin a core treasury asset alongside stable working capital. Nano Labs also holds around 1,000 BTC, according to Bitcointreasuries data.Nano, which creates computer chips used in bitcoin mining rigs, as well as AI-focused operations, went public on the Nasdaq in 2022. Shares of the firm jumped nearly 200% and its market capitalization increased to over $181 million after the BNB strategy was announced last week.NA stock fell over 9% after the company announced its latest crypto treasury accumulation, but its market valuation has reached north of $191 million, per Yahoo Finance data.Nano joins a growing cohort of public firms concentrating corporate treasuries in a single crypto asset. Strategy dominates with 597,325 BTC, while firms like SharpLink, BitMine, and Bit Digital Immersion focus on ether. Nano ranks as the first U.S.-listed company to anchor its balance sheet around BNB, though Build & Build Corporation—formed by Coral Capital veterans—plans a $100 million raise to pursue a similar path.Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.