Chinese company Nano Labs has announced plans to acquire Binance Coin (BNB) tokens worth up to $1 billion as part of its broader growth strategy.
BNB Accumulation Strategy
Nano Labs aims to accumulate between 5% and 10% of the total circulating supply of BNB. Before proceeding with the initial phase of acquisition, the company will conduct a full evaluation of BNB’s value and technical resilience.
Funding Through Convertible Notes
To finance its plans, Nano Labs has entered into a $500 million convertible note agreement with investors. These zero-interest notes, maturing in 360 days, are convertible into Nano Labs’ Class A shares at an initial price of $20 per share.
BNB Market and Institutional Interest
As institutional interest in BNB rises, Nano Labs could become one of the largest known holders of the token if its plans are successfully executed. Additionally, a similar initiative is being pursued by former Coral Capital executives to raise $100 million for BNB acquisitions.
Overall, Nano Labs' moves highlight the growing interest in digital assets and the significance of Binance Coin in modern financial operations and investment strategies.
