BNB Holds Strong Amid Nano Labs’ Bold $500M Treasury Move – Here’s Why It Matters
Nano Labs just dropped a half-billion-dollar bombshell—and BNB isn’t blinking. While traditional finance scrambles to keep up, crypto’s proving again why it plays by different rules.
The $500M Gambit: Nano Labs’ treasury plan isn’t just big—it’s a calculated power move. This isn’t your grandfather’s diversification strategy; it’s a full-throttle bet on crypto’s infrastructure future.
BNB’s Silent Rally: While the announcement dropped, Binance’s native token held its ground like a veteran trader ignoring FUD. No flashy spikes—just steady accumulation that’d make a Wall Street quant sweat.
The Cynic’s Corner: Let’s see if Nano Labs’ ‘masterstroke’ fares better than last year’s crop of ‘revolutionary’ crypto funds—or if it’ll join the graveyard of overly ambitious treasury plays.
BNB rises as companies race for treasury reserve
Nasdaq-listed web3 infrastructure provider Nano Labs is preparing to establish a BNB treasury through a convertible note offering, according to a press release on Tuesday. The company entered into a purchase agreement to raise $500 million by offering zero-coupon convertible notes, which are set to mature in 360 days.
Nano Labs shared that it will assess the security and price of BNB before funding the treasury. It aims to purchase up to $1 billion worth of BNB from the sales of its convertible note. The company also plans to hold up to 10% of BNB's total circulating supply over the long term.
Binance founder Changpeng Zhao (CZ) celebrated the announcement in an X post, citing that neither he nor his entities have participated in Nano Labs' fundraising initiative.
The announcement comes barely a day after reports that former Coral Capital Holdings executives intend to launch a BNB-focused treasury. The public company, which will reportedly be renamed Build & Build Corporation, will be used to establish a $100 million treasury.
The move highlights a rising interest in BNB-focused crypto treasury strategies, joining the likes of Solana (SOL), XRP and ethereum (ETH).
BNB is up 3% over the past 24 hours, testing the $645 resistance, which is strengthened by the 200-day Simple Moving Average (SMA). BNB could rally toward the $700 psychological level if it sees a crossover above $645 and breaks a descending trendline resistance. However, a rejection could send the altcoin to $600 if the $615 support fails.
BNB/USDT daily chart
The Relative Strength Index (RSI) and Stochastic Oscillator (Stoch) have risen toward their neutral levels, indicating a weakening bearish pressure.
