Nano Labs Executes $34.9 Million BNB Buyback
- Nano Labs completed a $34.9M BNB buyback.
- Purchase aligns with reserve strategy.
- BNB holdings now 120,000 tokens.
Lede: Nano Labs Ltd. has purchased 45,684 BNB through an over-the-counter buyback, totaling approximately $34.9 million. This move, confirmed on July 22, 2025, is part of the company’s strategy to increase its digital asset reserves.
Nut Graph: This event highlights the company’s strategic intent to bolster its balance sheet with BNB, potentially influencing BNB’s market liquidity as large amounts are acquired via OTC means.
Nano Labs Ltd., a Hong Kong-based company, has expanded its BNB holdings through a strategic buyback, adding 45,684 BNB at an average price of $764. This acquisition reflects Nano Labs’ ongoing focus on reserves management in line with its growth in Web 3.0 infrastructure.
“The company recently acquired an additional 45,684.99 BNB through over-the-counter transactions at an average price of $764 per token. With these purchases, Nano Labs’ total BNB holdings now represent an average acquisition cost of $707 per token.”
By concentrating heavily on BNB, the company aims for a long-term reserve strategy, adopting it as a primary asset alongside Bitcoin. Nano Labs plans to hold between 5-10% of BNB’s circulating supply by accumulating more tokens and investing in BNB-centric ventures.
The immediate effects of this acquisition are prominent in BNB’s positioning as a reserve-grade asset, particularly among corporate treasuries in Asia. The buyback reduces market pressure by sourcing tokens through over-the-counter channels.
Financially, Nano Labs demonstrates strong institutional ambition, highlighted by its pledge to allocate up to $1 billion for BNB acquisitions. This commitment is funded through convertible notes and private placements, underscoring its robust support.
Given Nano Labs’ strategic movements, potential outcomes include shifts in market liquidity and the future pricing of BNB. The company’s actions might prompt market participants to evaluate reserve strategies similarly, focusing on long-term crypto asset accumulation.
