Chinese Firm Goes All-In on BNB: $1 Billion Buying Spree Targets Binance’s Native Token

A Chinese company is making waves in crypto markets with an aggressive BNB accumulation strategy—aiming to lock down a $1 billion position in Binance's ecosystem token.

Why the massive bet?

While details remain scarce, the move signals growing institutional interest in exchange tokens despite regulatory headwinds. BNB's utility across Binance's sprawling empire—from trading fee discounts to blockchain gas—makes it a high-stakes play on crypto's infrastructure future.

Just don't call it a safe investment. As any trader knows, putting nine figures into a single altcoin takes either diamond hands...or a corporate treasury team that's been huffing hopium.

A New Crypto Asset For Corporate Treasures

Nano Labs Ltd., a Chinese company specializing in the production of mining chips and Web3 infrastructure, which is publicly traded on the NASDAQ, has shared a press release stating that it has purchased 74,315 Binance Coin (BNB).

The price per coin averaged $672.45, and the total transaction is valued at about $50 million.

The native token of the leading crypto exchange is currently the fifth-largest by market cap, according to current CoinGecko data, hovering around the $100 billion mark.

CryptoPotato recently reported on Nano Labs’ intention to acquire BNB through a $500 million convertible note deal.

Encouraging the initiative, Binance founder Changpeng Zhao (CZ) disclosed that neither he nor any of his affiliates took part in the fundraiser, though he “remains extremely supportive.”

The company also plans to apply for a stablecoin license in Hong Kong and has specifically mentioned building regulatory frameworks for BTC & BNB.

With this purchase, their total reserve of digital currencies is around the $160M mark, which includes Binance Coin and Bitcoin.

This makes Nano Labs the first publicly traded company to hold BNB in its reserves, but others are also following suit.

Before the end of last year, the company also announced that it had begun accepting payments in Bitcoin.

“Nano Labs’ acceptance for payments in Bitcoin aligns with its long-term vision of staying at the forefront of technology advancements and delivering added value to clients worldwide. With this new capability, the Company is positioned to attract a broader range of partners and customers who value progressive financial options.”