Nano Labs Has Purchased About US$50 Million BNB, Expands Digital Asset Reserves to around US$160 Million

Rhea-AI Summary

Nano Labs (Nasdaq: NA) has announced a significant expansion of its digital asset holdings through the purchase of 74,315 BNB tokens for approximately US$50 million via OTC trading at an average price of US$672.45 per token.

The transaction has increased the company's total mainstream digital currency reserves to around US$160 million. This purchase represents the initial phase of Nano Labs' strategic BNB acquisition plan, with ambitious goals to acquire up to US$1 billion worth of BNB through convertible notes and private placements. The company's long-term objective is to hold between 5% to 10% of BNB's total circulating supply.

Positive

• Strategic acquisition of 74,315 BNB tokens worth US$50 million
• Total digital currency reserves increased to US$160 million
• Ambitious growth plan to acquire up to US$1 billion worth of BNB
• Long-term strategy to hold 5-10% of BNB's total circulating supply

Negative

• Significant capital allocation to volatile crypto assets increases investment risk
• Large exposure to a single cryptocurrency (BNB) creates concentration risk
• Potential regulatory risks associated with substantial crypto holdings

News Market Reaction

-4.77%

1 alert

-4.77% News Effect

On the day this news was published, NA declined 4.77%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

HONG KONG, July 03, 2025 (GLOBE NEWSWIRE) -- Nano Labs Ltd (Nasdaq: NA) (“we,” the “Company” or “Nano Labs”), a leading Web 3.0 infrastructure and product solution provider in China, today announced the purchase of 74,315 Binance Coin (BNB) tokens through the OTC (Over-The-Counter) format at an average price of approximately US$672.45, with a total transaction value of about US$50 million. Following this transaction, the Company’s cumulative reserve of mainstream digital currencies, including Bitcoin and BNB, has around US$160 million, marking a successful initial step in Nano Labs’ BNB strategic plan and underscoring its commitment to increasing BNB holdings over time.

The Company committed to thoroughly evaluating the security and long-term value of BNB, aiming to acquire up to US$1 billion worth of BNB through convertible notes and private placements in the initial phase. Over the long run, Nano Labs intends to hold 5% to 10% of BNB’s total circulating supply.

About Nano Labs Ltd

Nano Labs Ltd is a leading Web 3.0 infrastructure and product solution provider in China. Nano Labs is committed to the development of high throughput computing (“HTC”) chips and high performance computing (“HPC”) chips. Nano Labs has built a comprehensive flow processing unit (“FPU”) architecture which offers solution that integrates the features of both HTC and HPC. In addition, it has established Bitcoin value investment and adopted Bitcoin as primary reserve asset. Nano Labs has established an integrated solution platform covering three main business verticals, including HTC solutions and HPC solutions. The HTC solutions feature its proprietary Cuckoo series chips, which have become alternative Application-Specific Integrated Circuit (“ASIC”) solutions for traditional GPUs. Nano Lab’s Cuckoo series are one of the first near-memory HTC chips available in the market*. For more information, please visit the Company’s website at: ir.nano.cn.

*  According to an industry report prepared by Frost & Sullivan.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, the Company’s plan to appeal the Staff’s determination, which can be identified by terminology such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Such statements are based upon management’s current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control, which may cause the Company’s actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

For investor inquiries, please contact:

Nano Labs Ltd
ir@nano.cn

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com

FAQ

How many BNB tokens did Nano Labs (NA) purchase in July 2025?

Nano Labs purchased 74,315 BNB tokens at an average price of US$672.45, totaling approximately US$50 million.

What is Nano Labs' total digital currency reserve after the BNB purchase?

Following the BNB purchase, Nano Labs' total digital currency reserves, including Bitcoin and BNB, reached approximately US$160 million.

What is Nano Labs' target for BNB token acquisition?

Nano Labs aims to acquire up to US$1 billion worth of BNB through convertible notes and private placements, with a long-term goal of holding 5-10% of BNB's total circulating supply.

How did Nano Labs (NA) execute its BNB token purchase?

Nano Labs executed the BNB purchase through an Over-The-Counter (OTC) format at an average price of approximately US$672.45 per token.

What is Nano Labs' long-term goal for BNB holdings?

Nano Labs intends to hold between 5% to 10% of BNB's total circulating supply over the long run.