‘Saylor’ strategy for BNB: Stock price increased by 200 percent

Chinese chip designer Nano Labs, listed on the Nasdaq exchanges, announced that it will issue $500 million in bonds. The company will use the proceeds from here to buy BNB, similar to what MicroStrategy did in Bitcoin.

Nano Labs, stating that they have received commitments from several investors, noted that they could purchase up to 1 billion BNB in the initial stage by doubling the supply amount if the demand is high.

After the announcement, Nano Labs' shares rose by more than 200% to over $31. This sharp rise did not last long, and the stock closed the day at $14. Meanwhile, the company's market value exceeded $250 million.

Nano Labs, founded by former executives of Canaan, a company that produces Bitcoin mining devices, went public in 2022. The company became the second to announce an investment in BNB this week. On Monday, former executives of the venture capital firm Coral Capital Holdings announced that they had established a new company called Build & Build Corporation, and revealed their plans to purchase BNB with $100 million in funding and go public.

When it comes to investment in company balances, Bitcoin is generally preferred as the cryptocurrency of choice, but recently Ether and Solana have also been added to this list. SharpLink, which invests in ETH, and DeFi Development Corp., which invests in SOL, are the most prominent examples of these.

Published: 25 June 2025 00:06