Nano Labs Ltd (NA) Stock Tanks 8.49%—Did Its $50M BNB Bet Backfire?
Nano Labs just got a brutal reality check from Wall Street.
The crypto-focused tech firm saw its shares crater 8.49% today—despite flashing serious conviction with a $50 million BNB purchase. Traders clearly weren't impressed by the big-ticket blockchain play.
When 'bold moves' meet bearish markets...
This is what happens when you double down on crypto exposure during a risk-off cycle. That $50M BNB position? Now worth $47.5M on paper after today's bloodbath—and that's before counting the equity haircut.
Memo to growth stocks: maybe don't YOLO into volatile assets during quantitative tightening. Just a thought.
TLDR
- Nano Labs dips 8.49% despite bold $50M BNB bet to boost Web 3.0 strategy.
- Stock drops as Nano Labs unveils $50M BNB buy, eyes $1B in crypto reserves.
- Nano Labs dives deeper into BNB, but stock falls sharply on investor worries.
- $50M BNB buy marks shift for Nano Labs, yet shares slump nearly 9% by midday.
- Nano Labs expands crypto reserves with BNB, aims to own 5–10% of supply
Nano Labs Ltd (NA) saw its stock fall sharply on Wednesday, dropping 8.49% to $8.05 by midday. The steep decline came despite the company’s high-profile $50 million investment in Binance Coin (BNB).
Nano Labs Ltd (NA)
BNB Acquisition Marks Strategic Move by Nano Labs
Nano Labs confirmed it purchased 74,315 BNB tokens through an over-the-counter deal at an average price of $672.45. This acquisition brings the company’s digital currency reserves, including Bitcoin and BNB, to nearly $160 million. It signals a major step in the company’s long-term BNB accumulation strategy.
JUST IN: Nasdaq-listed Nano Labs (NA) bought 74,315 $BNB for ~$50M at an average price of $672.
This brings its crypto reserves to ~$160M as it targets holding up to 10% of BNB’s supply.
The chipmaker views BNB as a Core treasury asset, alongside BTC. pic.twitter.com/mk5prfzyOL
— Satoshi Club (@esatoshiclub) July 3, 2025
The company plans to expand its BNB holdings up to $1 billion through convertible notes and private placements over time. It aims to eventually own between 5% and 10% of BNB’s total circulating supply.
Nano Labs has emphasized a long-term view on the value and role of BNB within its digital portfolio strategy. The company positions this investment as the beginning of a broader commitment to blockchain assets, reinforcing its ambition to strengthen Web 3.0 infrastructure initiatives using digital currencies.
Bitcoin Reserves Continue as Anchor Asset
Nano Labs has previously adopted bitcoin as its primary reserve asset, placing it at the core of its balance sheet. Bitcoin holdings remain a foundational element in the company’s financial structure, providing stability in its asset mix. The firm continues to rely on Bitcoin for reserve strength while branching into new digital assets.
The addition of BNB supplements rather than replaces Bitcoin’s role in the company’s broader reserve strategy. These assets reflect a growing digital reserve that supports long-term operations. This dual-currency reserve plan aligns with the company’s push into Web 3.0 and blockchain applications.
While BNB joins the reserve portfolio, Nano Labs maintains that Bitcoin will continue to hold strategic weight. The company has invested heavily in Bitcoin mining and related infrastructure to reinforce its position. These ongoing efforts show a clear commitment to both digital currencies.
Web 3.0 Focus Guides Strategic Direction
Nano Labs operates as a Web 3.0 infrastructure and product solutions provider in China. The company designs high-throughput and high-performance computing chips with a proprietary FLOW Processing Unit architecture, which enables it to bridge traditional GPU functions with modern blockchain requirements.
The Cuckoo chip series, developed in-house, offers near-memory performance tailored for decentralized systems. These chips support its HTC and HPC verticals, helping position the company in the digital economy. Nano Labs continues to scale its platform to meet growing demand for Web 3.0 infrastructure.
Focusing on real-world computing needs, the firm integrates chip development with strategic asset reserves. This approach supports both hardware and financial resilience. Nano Labs aims to maintain a strong presence across both product and reserve strategy segments.
