Nano Labs Soars 51.24% on Stablecoin Expansion

Nano Labs' stock surged by 51.24% in pre-market trading on June 24, 2025, marking a significant rise in its share price.

Nano Labs has announced its intention to apply for licenses to operate Hong Kong dollar and offshore RMB stablecoin businesses. This strategic move is part of the company's broader plan to expand its presence in the global financial landscape. The company aims to partner with other entities to facilitate these operations, further solidifying its position in the Web3 infrastructure and product solutions sector.

In addition to its stablecoin initiatives, Nano Labs has entered into a US$500 million convertible notes purchase agreement with several investors. The notes, which mature in 360 days with no interest, are convertible into Class A ordinary shares at an initial price of US$20 per share. This financial move is part of a larger strategic initiative where Nano Labs plans to acquire US$1 billion worth of BNB through convertible notes and private placements, with the long-term goal of holding 5% to 10% of BNB's total circulating supply.