Nano Labs Doubles Down: $90M Binance Coin Treasury Reserve Signals Bullish Bet
Crypto's quiet giant just made a power move—Nano Labs just parked $90 million in Binance Coin reserves. No hype, no fluff. Just cold, hard BNB stacking.
Why this matters:
Treasuries don't lie. While retail traders chase memecoins, institutional players are quietly building war chests. Nano's nine-figure BNB position screams long-term conviction—or a brilliantly timed hedge against traditional finance's inevitable meltdown.
The subtext?
Binance's native token continues eating the competition's lunch. Forget 'regulation' FUD—real money's voting with its wallet. Meanwhile, your bank's still offering 0.5% APY on savings accounts.
Bottom line: When crypto OGs start fortress-balance-sheeting, smart money pays attention. The rest can keep arguing about 'real use cases' from the sidelines.
More BNB treasury reserve firms
Nano Labs revealed in June that it had entered into a $500 million convertible notes agreement to purchase BNB and launch a strategic reserve. The company also noted it planned to acquire $1 billion worth of BNB in an initial outlay. However, the long-term goal is to hold between 5% to 10% of the native Binance ecosystem token’s circulating supply.
In its latest update, Nano Labs announced it will add to its BNB holdings via various strategies, including continued accumulation of BNB, investment in BNB-focused firms, and acquisition of BNB companies.
Recently, Nasdaq-listed Windtree Therapeutics announced its plans to purchase up to $200 million in BNB, initially commencing the project with a $60 million BNB acquisition. Windtree has agreed to a securities purchase deal for the BNB treasury, backed by Build and Build Corp.
Earlier this month, crypto venture capital firm YZi Labs backed 10X Capital’s push for a new BNB treasury company. Binance co-founder and former Chief Executive Officer Changpeng Zhao has shown his support by sharing a positive outlook on such moves.
