Nano Labs, a leading crypto mining chip manufacturer, has officially received 600 Bitcoin (BTC)—worth around $63.6 million—as the first tranche in its ambitious $500 million convertible notes deal, aimed at building a $1 billion Binance Coin (BNB) treasury.

The move marks a major milestone in the company’s evolving crypto treasury strategy, which includes plans to acquire up to 10% of BNB’s circulating supply over time. The reveal has caught the attention of both retail and institutional investors, reinforcing Binance Coin’s growing appeal as a treasury asset.

Nano Labs Ramps Up BNB Holdings With Bitcoin-Funded Notes

According to a recent U.S. SEC filing, Nano Labs disclosed that the initial investment in its private convertible notes offering has been executed. The company confirmed receiving 600 BTC and issuing two convertible promissory notes as part of the deal.

This initial funding is part of a broader $500 million notes placement, which the company aims to use to buy BNB tokens both through private placements and secondary market acquisitions.

The notes are payable in cash or cryptocurrency, offering investors flexible settlement terms while enabling Nano Labs to aggressively grow its crypto reserves. Following the BTC injection, Nano Labs now holds 1,000 BTC in its treasury.

Strategic Vision: BNB as a Core Asset

In a statement, Nano Labs emphasized its firm commitment to Binance Coin:

“The company is doubling down on its BNB treasury strategy. BNB will be at the core of our next phase,” said Nano Labs.

The company’s long-term target is to accumulate between 5% to 10% of the total circulating supply of BNB. At current valuations, 5% of circulating BNB translates to about 7 million tokens, or $4.5 billion—an ambitious objective that would firmly position the company among BNB’s largest institutional holders.

This reveal builds on the June 24 revelation of the broader $1 billion BNB acquisition plan, which has now moved into its execution phase.

Market Reaction: Nano Labs Stock Soars 205% in a Month

The market has responded positively to Nano Labs’ evolving crypto strategy. According to Yahoo Finance, Nano Labs (NA) stock jumped over 14% in premarket trading Thursday, reflecting investor enthusiasm.

The company’s stock has gained 205% in the past 30 days, largely driven by growing excitement around its Bitcoin and BNB holdings strategy, which is viewed as a bold move amid rising institutional interest in digital assets.

This surge further underlines the increasing importance of altcoins like BNB in the portfolios of tech and Web3-focused firms.

BNB Price Outlook: Technical Signals Mixed

Despite the bullish developments surrounding institutional interest, Binance Coin (BNB) has been trading sideways in recent days. The token is currently hovering around $647.72, with an intraday range between $642.56 and $649.98.

The trading volume has dipped by 5% in the last 24 hours, suggesting mild trader fatigue or short-term consolidation.

From a technical perspective, BNB is currently trading:

• Below the 50-day Simple Moving Average (SMA)

• Above the 100-day and 200-day SMAs

These mixed signals indicate cautious optimism. Notably, the Relative Strength Index (RSI) has risen slightly to 50.48, signaling a neutral-to-bullish stance that could strengthen if buying volume increases in the coming days.

BNB remains in a tight range between $640 and $650, with analysts watching for a breakout that could set the stage for another rally—especially if institutional inflows continue.

What This Means for Binance Coin

Nano Labs’ BNB accumulation strategy signals a growing institutional endorsement of Binance Coin as a treasury reserve. This is a significant development in a market where Bitcoin and Ethereum have long dominated corporate holdings.

By making BNB a central part of its capital strategy, Nano Labs is helping to legitimize Binance Coin as a macro-hedge and operational asset in a broader investment context.

The move also mirrors trends seen in Ethereum staking, Solana-based treasuries, and Polygon partnerships—where layer-1 assets are being embraced beyond simple trading vehicles.

If other companies follow Nano Labs’ lead, the resulting supply shock could put upward pressure on BNB’s price and further validate its position as one of the top digital assets by market cap.

Conclusion

With 600 BTC now secured and convertible note issuance underway, Nano Labs is accelerating its $1 billion BNB treasury plan—a strategic move that could reshape how corporations view Binance Coin.

As institutional demand heats up and BNB holds its technical ground, all eyes are now on whether this growing momentum will trigger the next phase of a Binance Coin breakout toward the $700–$800 range.

For now, the market watches as Nano Labs cements its place as a major player in BNB’s on-chain ecosystem.