A Public Company Is Going ‘BNB-Only,’ and Its Stock Is Flying
- Nasdaq-listed Nano Labs announced a pivot to a “$BNB-only” treasury strategy.
- The company is raising $500 million to begin acquiring up to $1 billion in BNB.
- The news sent the company’s stock price soaring, a move noted by Binance’s CZ.
The stock of a Nasdaq-listed chipmaker, Nano Labs, shot up on Tuesday after the company announced a radical new corporate strategy: it’s restructuring its treasury to focus exclusively on Binance Coin (BNB).
The move immediately caught the attention of Binance founder Changpeng Zhao, who flagged the shift to his followers. In a social media post, he laid out the situation: “Nano Labs Ltd (Nasdaq: NA) becomes a $BNB-only strategic reserve public co, bringing $500 million to BNB. Their stock price went through the roof.”
Nano Labs Ltd (Nasdaq: NA) becomes a $BNB-only strategic reserve public co, bringing $500 million to BNB.
— CZ
Their stock price went through the roof. We (my affiliated entities) did not participate in this round, but remain extremely supportive.
Not financial advice! https://t.co/2ULQ6NGDBGBNB (@cz_binance) June 24, 2025
A ‘BNB-Only’ Treasury Bet
Nano Labs disclosed that the zero-interest notes matu…
The post A Public Company Is Going ‘BNB-Only,’ and Its Stock Is Flying appeared first on Coin Edition.
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A Public Company Is Going ‘BNB-Only,’ and Its Stock Is Flying
- Nasdaq-listed Nano Labs announced a pivot to a “$BNB-only” treasury strategy.
- The company is raising $500 million to begin acquiring up to $1 billion in BNB.
- The news sent the company’s stock price soaring, a move noted by Binance’s CZ.
The stock of a Nasdaq-listed chipmaker, Nano Labs, shot up on Tuesday after the company announced a radical new corporate strategy: it’s restructuring its treasury to focus exclusively on Binance Coin (BNB).
The move immediately caught the attention of Binance founder Changpeng Zhao, who flagged the shift to his followers. In a social media post, he laid out the situation: “Nano Labs Ltd (Nasdaq: NA) becomes a $BNB-only strategic reserve public co, bringing $500 million to BNB. Their stock price went through the roof.”
Nano Labs Ltd (Nasdaq: NA) becomes a $BNB-only strategic reserve public co, bringing $500 million to BNB.
— CZ
Their stock price went through the roof. We (my affiliated entities) did not participate in this round, but remain extremely supportive.
Not financial advice! https://t.co/2ULQ6NGDBG
A ‘BNB-Only’ Treasury Bet
Nano Labs disclosed that the zero-interest notes matu…
The post A Public Company Is Going ‘BNB-Only,’ and Its Stock Is Flying appeared first on Coin Edition.
Read More
Bitcoin’s Bullish Blueprint: Two Analysts, One $120K Target