- Nano Labs has acquired $50 million more worth of BNB tokens.
- The company’s BNB purchase brings its cryptocurrency holdings to about $160 million.
- BNB price did not explode on the news, but looks primed for a bullish breakout.
Nano Labs Ltd, a Nasdaq-listed web3 infrastructure provider, has added to its BNB (BNB) haul with another purchase, this time scooping $50 million worth of the Binance Coin in over-the-counter deals.
The BNB buy, which Nano Labs announced on July 3, 2025, bolsters its cryptocurrency holdings to about $160 million. BNB price surged briefly on the news, breaking to around $665.
Nano Labs buys $50 million BNB via OTC
Nano Labs Ltd announced its acquisition of 74,315 BNB tokens on July 3, 2025.
Specifically, the company said it had acquired BNB worth roughly $50 million through an over-the-counter (OTC) transaction. The purchase, which aligned with an uptick in BNB price, was at the average price of $672.45 per token.
Nano Labs’ digital asset reserves, which include Bitcoin and BNB, are now up to around $160 million.
For BNB, the Nasdaq-listed company’s move highlights its commitment to BNB’s long-term value, with an ambitious goal to acquire up to $1 billion worth of BNB through convertible notes and private placements in its initial phase.
The company aims to hold between 5% and 10% of BNB’s total circulating supply, currently around 140.88 million tokens, as a long-term treasury strategy.
Nano Labs’ latest move follows an earlier one that came amid the announcement of a $500 million convertible notes agreement on June 24, 2025. The goal of the raise was to fund the company’s BNB accumulation.
Other companies have also recently signaled interest in BNB as a treasury asset.
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 entity, Build & Build Corporation, to invest in BNB.
BNB price outlook
The BNB price has shown resilience, trading at approximately $663 as of July 3, 2025, with a market capitalization exceeding $93.5 billion.
Nano Labs’ recent purchase and other institutional moves have fueled bullish sentiment.
The technical picture shows BNB trading within an ascending channel on the daily chart, nearing the upper trendline.
RSI is at 57 and upsloping to suggest bulls have room to explore potential gains, while the MACD remains has signalled strength with a recent bullish crossover.
If gains materialize, key supply zones may be around $688 and $750. Meanwhile, psychological support remains at the $600 area.
In May, Standard Chartered predicted that the price of BNB could skyrocket to highs of $2,775 in the next three years.
The 2028 price forecast for BNB highlighted the cryptocurrency’s potential amid its strengths, including a deflationary model and exchange-linked BNB utility.
BNB reached its all-time high of $793 in December 2024.
