BNB News Today: Nano Labs Uses Crypto Proceeds for $25M Buyback, Signaling Strategic Pivot to Digital Asset Management

Nano Labs Ltd (NASDAQ: NA) has authorized a $25 million share repurchase program, signaling confidence in its stock value and strategic financial management. The board-approved initiative allows the company to buy back up to 25 million worth of ordinary shares over the next 12 months through open market transactions, privately negotiated deals, or block trades, subject to market conditions and regulatory compliance. Funding will come from existing cash reserves and proceeds from liquidating crypto assets, including its holdings in Binance Coin (BNB) and Bitcoin (BTC).

The repurchase program aligns with Nano Labs' broader pivot toward crypto asset management. Earlier in 2025, the company allocated $50 million to acquire 74,315 BNB tokens, expanding its digital asset reserves to $160 million. This move marked the start of a $1 billion BNB treasury strategy, aiming to hold 5–10% of the token's circulating supply. The company also plans to raise $500 million via convertible notes and private placements to fund further BNB acquisitions.

Nano Labs, a Web 3.0 infrastructure provider specializing in high-throughput and high-performance computing chips, has increasingly positioned itself as a crypto-focused entity. Its FPU architecture integrates both computing solutions, while its adoption of BNB as a primary reserve asset underscores its commitment to blockchain ecosystems, according to GlobeNewswire. The company's strategic shift has drawn comparisons to corporate crypto-treasury trends, with firms like MicroStrategy and SharpLink Gaming also accumulating Bitcoin, Ethereum, and altcoins, as reported by The Block.

Market reactions to the buyback announcement have been mixed. Shares rose 7% in premarket trading following the repurchase authorization, though the stock has faced volatility amid broader crypto market fluctuations. Nano Labs' shares gained 109% over the past 30 days as of July 2025 but dipped 9.66% in a single trading session after a prior BNB-related announcement. Analysts note that the buyback could enhance shareholder value but caution that reliance on crypto asset liquidity introduces volatility risks.

The company's forward-looking statements emphasize uncertainties, including market liquidity constraints and price volatility in its crypto holdings, according to GuruFocus. Nano Labs' board will periodically review the repurchase program, with potential adjustments to terms or size based on financial performance and market dynamics, per GlobeNewswire.