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Nano Labs Soars 15.51% on $1 Billion BNB Acquisition Plan
Generated by AI AgentAinvest Pre-Market Radar
Thursday, Jun 26, 2025 4:28 am ET1min read
Nano Labs' stock surged by 15.51% in pre-market trading on June 26, 2025, driven by the company's ambitious plan to acquire $1 billion worth of Binance Coin (BNB).
Nano Labs announced its strategy to raise $500 million through convertible notes, which will be used to purchase
. This move is part of the company's broader plan to accumulate up to $1 billion of the cryptocurrency, positioning itself strategically within the cryptocurrency market and enhancing its asset portfolio.The company aims to hold 5% to 10% of the BNB token's circulating supply over time. This acquisition is not only a significant investment but also a strategic move to develop on-chain infrastructure and support the broader Web 3.0 industry.
In addition to its BNB acquisition plan,
has also revealed plans to expand into the stablecoin space. The company is applying for licenses to issue Hong Kong Dollar (HKD) and offshore Chinese Yuan (RMB) stablecoins in Hong Kong, further diversifying its cryptocurrency portfolio and contributing to the growth of the stablecoin ecosystem.
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