| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107425.6700000000 |
| ETH | $2435.7370000000 |
| BNB | $648.1596100000 |
| XRP | $2.1808210000 |
| ADA | $0.5664859000 |
| SOL | $150.5252000000 |
| DOGE | $N/A |
| DOT | $3.4097100000 |
| LTC | $86.3074000000 |
| LINK | $13.3862800000 |
Category: CRYPTO NEWS
The post Nano Labs Considers Acquiring Up to $1B in BNB Amid Convertible Note Agreement appeared on BitcoinEthereumNews.com. Nano Labs announces a strategic move to acquire $1 billion worth of Binance Coin (BNB), starting with an initial $500 million convertible note offering. The company aims to hold between 5% and 10% of BNB’s total circulating supply, aligning its treasury management with its Web 3.0 infrastructure focus. According to COINOTAG, Binance founder Changpeng Zhao highlighted upcoming BNB-linked products targeting Nasdaq, supported by former hedge fund professionals. Nano Labs initiates a $1B BNB acquisition strategy with a $500M convertible note, aiming to strengthen its Web 3.0 treasury and capitalize on Binance ecosystem growth. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Nano Labs Commences $1 Billion BNB Treasury Accumulation Strategy Nano Labs Ltd, a China-based Web 3.0 infrastructure provider listed on Nasdaq (NA), has embarked on a significant treasury diversification plan by targeting a $1 billion acquisition of Binance Coin (BNB). The company has initiated this process through a $500 million convertible notes purchase agreement, designed to raise capital without immediate equity dilution. These unsecured promissory notes mature in 360 days and offer investors the option to convert into Class A ordinary shares at a fixed price of $20 per share, subject to customary adjustments. This strategic treasury allocation reflects Nano Labs’ confidence in BNB’s long-term value proposition and its integral role within the Binance ecosystem. By aiming to hold between 5% and 10% of BNB’s circulating supply, Nano…
2025-06-25T02:40:16+00:00