- Nano Labs has acquired $50 million worth of BNB tokens.
- The company’s BNB purchase increases its cryptocurrency reserves to about $160 million.
- BNB’s price did not surge dramatically after the announcement, but it appears poised for a breakout.
Nano Labs Ltd, a Nasdaq-listed Web3 infrastructure provider, has increased its BNB holdings with a fresh purchase, acquiring Binance Coin tokens worth $50 million through over-the-counter transactions.
The BNB acquisition, announced by Nano Labs on July 3, 2025, brings the company’s digital-asset reserves to roughly $160 million. BNB’s price ticked up briefly after the news, reaching about $665.
Nano Labs buys $50 million in BNB via OTC
Nano Labs Ltd announced the acquisition of 74,315 BNB tokens on July 3, 2025.
The company reported that it purchased approximately $50 million worth of BNB in an over-the-counter (OTC) transaction. The purchase—timed with a rise in BNB’s market price—was executed at an average price of $672.45 per token.
Nano Labs’ digital-asset reserves, which include Bitcoin and BNB, now total approximately $160 million.
For BNB, the Nasdaq-listed company’s move highlights its commitment to the asset’s long-term potential, with an ambitious goal to acquire up to $1 billion worth of BNB through convertible bonds and private placements in an initial phase.
The firm aims to hold between 5% and 10% of BNB’s circulating supply—currently about 140.88 million tokens—as part of its long-term treasury strategy.
This latest purchase follows an earlier announcement of a $500 million convertible bond facility on June 24, 2025, intended to fund the company’s BNB accumulation.
Other firms have recently signaled interest in holding BNB as a treasury asset as well.
Last month, a group of hedge fund veterans including Patrick Horsman, Joshua Kruger and Johnathan Pasch, formerly of Coral Capital Holdings, announced plans to raise $100 million through a Nasdaq-listed vehicle, Build & Build Corporation, to invest in BNB.
BNB price outlook
BNB’s price showed resilience, trading near $663 on July 3, 2025, with a market capitalization above $93.5 billion.
Nano Labs’ recent purchase and other institutional moves have helped boost market sentiment.
On the daily chart, the technical picture shows BNB trading inside an upward channel and approaching the upper trend line.
The RSI sits around 57 and is rising, suggesting bulls still have room to pursue gains, while the MACD recently crossed to the upside, indicating strength.
If gains materialize, key supply zones could appear near $688 and $750. Meanwhile, psychological support remains around $600.
In May, Standard Chartered projected that BNB could reach $2,775 within the next three years.
The price outlook for 2028 highlighted BNB’s potential based on strengths such as its deflationary model and its exchange-linked utility.
BNB reached its all-time high of $793 in December 2024.