A Public Company Is Going ‘BNB-Only,’ and Its Stock Is Flying

Nasdaq-listed Nano Labs announced a pivot to a “$BNB-only” treasury strategy. The company is raising $500 million to begin acquiring up to $1 billion in BNB. The news sent the company’s stock price soaring, a move noted by Binance’s CZ. The stock of a Nasdaq-listed chipmaker, Nano Labs, shot up on Tuesday after the company announced a radical new corporate strategy: it’s restructuring its treasury to focus exclusively on Binance Coin (BNB) . The move immediately caught the attention of Binance founder Changpeng Zhao, who flagged the shift to his followers. In a social media post, he laid out the situation: “Nano Labs Ltd (Nasdaq: NA) becomes a $BNB-only strategic reserve public co, bringing $500 million to BNB. Their stock price went through the roof.” Nano Labs Ltd (Nasdaq: NA) becomes a $BNB -only strategic reserve public co, bringing $500 million to BNB. Their stock price went through the roof. We (my affiliated entities) did not participate in this round, but remain extremely supportive. Not financial advice! https://t.co/2ULQ6NGDBG — CZ BNB (@cz_binance) June 24, 2025 A ‘BNB-Only’ Treasury Bet Nano Labs disclosed that the zero-interest notes matu… The post A Public Company Is Going ‘BNB-Only,’ and Its Stock Is Flying appeared first on Coin Edition .

Source: Coin Edition