Nano Labs Launches Share Buyback Amid 40% Stock Drop

Nano Labs Ltd, a Nasdaq-listed Web3 firm with significant exposure to the BNB token, announced a $25 million share repurchase program to boost its stock. Despite a 7% premarket rise following the announcement, the company's shares remain down nearly 40% year-to-date, a sharp contrast to Binance's BNB, which recently hit an all-time high of $1,370, according to a CoinSpeaker report.

The share buyback program, authorized by the board of directors, allows Nano Labs to repurchase up to $25 million worth of its shares over the next 12 months. The company plans to fund the repurchase from its existing cash reserves and proceeds from the liquidation of its crypto assets, according to a Nasdaq article. The flexibility to buy back shares through open market transactions, privately negotiated deals, or block trades provides the company with various options to execute the program.

Nano Labs' chairman and CEO, Jianping Kong, recently purchased 480,000 Class A shares in August 2025, showcasing his confidence in the firm's strategy. The company's significant exposure to BNB, which now holds the third spot in the market, has been a key part of its investment strategy, as CoinSpeaker noted.

In addition to the share buyback program, Nano Labs has pursued several corporate initiatives aimed at strengthening its Web3 infrastructure footprint. The company entered an At-The-Market Offering Agreement with Maxim Group LLC, targeting up to $45 million in share sales to fund research, development, and crypto reserves. It also signed a Memorandum of Understanding with TradeUP Securities to build tokenized US equities via blockchain integration, per CoinSpeaker.

The move by Nano Labs to boost its stock through a share buyback program comes amidst a broader trend of companies accumulating cryptocurrencies. Strategy, a prominent Bitcoin accumulator, recently acquired 220 BTC for $27.2 million at an average price of $123,561 per coin, achieving a BTC Yield of 25.9% YTD 2025, as reported by Forklog. Similarly, BitMine Immersion Technologies reported another round of Ethereum purchases, acquiring 202,037 ETH at a discount, taking advantage of the downturn across digital assets.

In Hong Kong, China Renaissance Holdings is in talks to raise $600 million for a fund focused on accumulating BNB, with shares planned to be listed on an American exchange. The firms are expected to invest $200 million jointly, CoinSpeaker reported.