- Nano Labs increases its BNB participation by $ 500 million due to convertible bonds.
- The BNB course climbed by 3.53%; Some analysts see goals up to $ 700.
The Chinese company Nano Labs, which is noted on Nasdaq under the abbreviation, has made headlines after there was an $ 500 million commitment to BNB as part of a private placement. A purchase contract for convertible bonds sealed the transaction.
As part of this transaction, investors would draw guilt certificates with a runtime of 360 days, with the option that the blows in Nano Labs‘ Class A regular shares at a conversion price of $ 20 per shareconvert .
These are unsecured and interest -free guilt notes, but on the whole the company wants to have BNB as a strategic reserve.
According to the conditions If Nano Labs BNB worth up to $ 1 billion is to be folded, with a share of 5 to 10 percent of the total surrounding amount of tokens. Although the completion of the business is based on traditional conditions and is not guaranteed, the market reacted to the news.
The former Binance CEO Changpeng Zhao merkte anThe fact that Nano Labs becomes a company that only keeps BNB as a strategic reserve also said that his affiliated companies had not participated in the financing round.
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
BNB increases 3.5%
After the announcement, the Nano Labs share recorded an abrupt increase in value, which signaled the enthusiasm of investors through the company’s aggressive course. The market reacted to this as a strong confirmation of the long-term prospects of BNB, in particular through a web3 infrastructure company that has great influence in the Asian technology circles.
BNB also gained traction and recorded an increase of 3.53% within just 24 hours. Most in the crypto ecosystem, from the analysts of the AI platform Alva To others, it is of the opinion that this step is more than just a diversification of the treasure.
It is regarded as a strategic shift that could redefine the handling of institutions with blockchain-native tokens. If Nano Labs is able to obtain up to 10 % of the total circulating BNB, a persistent purchase pressure could arise and a higher base price for the token could be set.
BNB PEFT up to 700 dollars and
The token course has developed positively since Nano Labs’s announcement. There is currently a short -term resistance at $ 644. An outbreak here would clear the way to 650 and possibly $ 665.
An outbreak of $ 665 could initiate a movement in the direction of the resistance brand of $ 680. If the dynamics continue, the critical value is $ 700, which would mean a complete recovery from the latest losses.
Nevertheless, caution is required. The course will find support first at $ 635, then $ 632 at the level of the sliding 100-hour average. Below $ 625, the token could fall back to $ 612 or possibly to the very influential $ 600 support, which has served as an important basis in the past few weeks.
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