Nano Labs Surges to 192nd in Daily Rankings with $430 Million Turnover

On June 24, 2025, Nano Labs (NASDAQ:NA) saw a significant surge in trading volume, with a turnover of $430 million, marking an 18446.49% increase from the previous day. This substantial rise in trading activity placed Nano Labs at the 192nd position in the daily stock market rankings. The company's stock price also experienced a notable increase, rising by 35.26%.

Nano Labs has announced a strategic plan to raise $500 million through the issuance of convertible notes. These notes, which mature in 360 days, will be used to support the company's broader crypto initiatives, including the acquisition of up to $1 billion in Binance Coin (BNB). The convertible notes are unsecured and carry no interest, with an initial conversion price of $20 per share, subject to adjustment. This financing structure provides flexibility for investors while offering Nano Labs access to substantial non-dilutive capital.

The company aims to hold between 5% and 10% of BNB's total circulating supply, positioning itself as a significant institutional holder of the token. This move underscores Nano Labs' confidence in the long-term value and utility of the Binance ecosystem. The BNB investment is part of a larger effort to integrate high-value crypto assets into Nano Labs' strategic portfolio. If fully executed, this funding and BNB acquisition could represent one of the largest single-token commitments by a publicly listed Web3 company to date.