Nano Labs Ltd, a NASDAQ-listed Web3 infrastructure provider, has made another significant purchase of BNB (BNB), acquiring $50 million worth of Binance Coin in an over-the-counter transaction.
Announced on July 3, 2025, this acquisition brings the company’s total cryptocurrency holdings to approximately $160 million. While the BNB price saw a brief uptick following the news, it stabilized near the $665 level.
Details of Nano Labs’ $50 Million BNB Purchase
On July 3, Nano Labs Ltd confirmed the acquisition of 74,315 BNB tokens. The company executed the purchase via an over-the-counter (OTC) trade, with an average price of $672.45 per token.
This strategic move aligns with Nano Labs’ broader treasury strategy, which now includes $160 million in digital assets, comprising both Bitcoin and BNB. The company has expressed a long-term commitment to BNB, with ambitions to accumulate up to $1 billion worth of the token through convertible notes and private placements.
Nano Labs aims to hold a meaningful portion of BNB’s total circulating supply—currently around 140.88 million tokens—as part of its reserve asset allocation.
This latest purchase follows a previous announcement on June 24, 2025, regarding a $500 million convertible note agreement designed to fund further BNB acquisitions.
Growing Institutional Interest in BNB
Nano Labs is not alone in its growing interest in BNB as a treasury asset. Last month, a group of hedge fund veterans—including Patrick Horsman, Joshua Kruger, and former Coral Capital Holdings executive Johnathan Pasch—revealed plans to raise $100 million through a NASDAQ-listed entity to invest in BNB.
These developments reflect a broader trend of institutions recognizing the value and utility of BNB within the crypto ecosystem. Its deflationary token model and integral role within the Binance exchange network contribute to its attractiveness as a long-term holding.
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BNB Price Analysis and Market Response
As of July 3, 2025, BNB is trading around $663, with a market capitalization exceeding $93.5 billion. The token has shown resilience despite market volatility, supported by recent institutional moves.
From a technical perspective, BNB is trading near the upper trendline of an ascending channel on the daily chart. The Relative Strength Index (RSI) sits at 57 and is rising, indicating room for upward momentum. Meanwhile, the Moving Average Convergence Divergence (MACD) recently crossed over, signaling strength in the near term.
Key resistance levels to watch are around $688 and $750. On the downside, psychological support remains strong near the $600 mark.
In May 2025, Standard Chartered projected that BNB could reach $2,775 within the next three years. This optimistic forecast highlights confidence in BNB’s deflationary mechanics and its growing utility across decentralized applications and exchange-based services.
BNB reached its all-time high of $793 in December 2024.
Frequently Asked Questions
What is Nano Labs’ goal with its BNB acquisitions?
Nano Labs aims to accumulate up to $1 billion in BNB as part of its long-term treasury strategy. The company views BNB as a valuable reserve asset due to its utility and deflationary tokenomics.
How did the market react to the $50 million BNB purchase?
BNB’s price experienced a brief increase following the announcement but stabilized near $665. The acquisition is viewed as a bullish signal for long-term value.
What are the key technical levels for BNB?
Immediate resistance lies near $688, followed by $750. Support is expected around $600. Technical indicators like RSI and MACD suggest potential for continued upward movement.
Why are institutions interested in BNB?
Institutions are attracted to BNB because of its established use cases, including transaction fee discounts, participation in token sales, and integration within the Binance ecosystem. Its deflationary burn mechanism also adds to its scarcity.
What is the long-term price prediction for BNB?
Some analysts, including those from Standard Chartered, project that BNB could reach $2,775 by 2028. This outlook is based on growing adoption and the token’s economic design.
How does OTC trading benefit large purchases like this?
Over-the-counter trades allow large transactions to occur without significantly impacting the market price. This makes them ideal for institutional investors acquiring substantial amounts of cryptocurrency.