By BUDDY JEWEL | JUNE 24, 2025
China’s Web3 infrastructure leader announces a major private placement as part of its crypto-native treasury strategy.
$500 Million in Convertible Notes Nano Labs is raising $500 million through unsecured convertible notes, maturing in 360 days with no interest. Investors can convert into Class A shares at $20 or be repaid at maturity.
Aiming for Deep BNB Integration This deal marks the start of a larger $1 billion allocation plan focused on Binance Coin. Nano Labs intends to hold 5% to 10% of BNB’s total circulating supply.
Stock Surges After Announcement Investor confidence surged following the news, triggering a sharp rally in Nano Labs’ share price. The move signals institutional interest in blockchain-native assets.
Binance Founder Weighs In Changpeng Zhao (CZ) called the move “a bold treasury direction,” noting Nano Labs as a BNB-only public reserve company. While not directly involved, he voiced full support for the initiative.