Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13286
Markets: 103975
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino

Market Cap
24h Vol
13286
Cryptocurrencies
63.99%
Bitcoin Share
The Coin Rise 2025-06-24 18:30:26

Nano Labs Raises $500M in Debt Notes in $1B BNB Push

Nano Labs Raises $500M in Debt Notes in $1B BNB Push

China-based Web 3.0 company Nano Labs has secured up to $500 million through a convertible notes deal with multiple investors. The funding kicks off a bigger plan to invest heavily in BNB, one of the top digital assets. This move follows a growing trend where crypto firms and Web 3 startups are increasing their holdings of digital currencies. Nano Labs’ $500M Convertible Notes Agreement On June 24, Nano Labs announced it would issue convertible promissory notes totaling $500 million. Several investors have already committed to buying these notes, which will not earn interest and mature 360 days after being issued. During that time, investors can convert their notes into the company’s Class A ordinary shares. The conversion price is reportedly set at $20 per share but may change as described in the agreement. If not converted, the full amount must be repaid at the end of the 360-day term. These notes are unsecured, meaning company assets do not back them. The agreement is still subject to standard closing conditions. Also, the transaction will not be completed in full. Investors are advised to take this into account when considering this update. Strategic Growth Through BNB Acquisition This agreement is more than just a funding move. It is part of Nano Labs’ larger plan to strengthen its presence in Web 3.0. A key part of this strategy is a deep dive into BNB, a major blockchain asset. Nano Labs, which began accepting Bitcoin payments in 2024, plans to buy up to $1 billion worth of BNB through convertible notes and private deals. The company eventually hopes to own 5% to 10% of BNB’s total circulating supply. The company shared that a full security and value assessment of BNB will be carried out in the early stages of this plan. With this agreement, Nano Labs is signaling strong confidence in blockchain infrastructure and digital assets. The company believes this move will support its long-term goals and growth in the Web 3.0 ecosystem. A Broader Industry Trend Nano Labs’ plan to build a BNB treasury using convertible notes is not a one-off move. More companies across the crypto and tech space are starting to include digital assets like Bitcoin (BTC), Ethereum (ETH), and BNB in their business strategies. Nasdaq-listed firm Strategy is leading this trend. The company raised funds using several methods, including selling shares and issuing convertible notes to buy Bitcoin. Today, Strategy holds more Bitcoin than almost any other public company. Its strong market performance has caught the attention of other companies. Firms like Metaplanet, MARA, and not limited to Semler Scientific have also started adding Bitcoin to their financial reserves. The post Nano Labs Raises $500M in Debt Notes in $1B BNB Push appeared first on TheCoinrise.com .

Most Read News

Moralis Money
Market Cap
24h Vol
63.99%
Bitcoin Share
0
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.