{"id":33459,"date":"2025-06-24T15:47:08","date_gmt":"2025-06-24T15:47:08","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=33459"},"modified":"2025-06-24T15:47:08","modified_gmt":"2025-06-24T15:47:08","slug":"a-nasdaq-listed-stock-surges-more-than-100-after-unveiling-1-billion-bnb-token-buying-plan","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=33459","title":{"rendered":"A Nasdaq-Listed Stock Surges More than 100% After Unveiling $1 Billion BNB Token Buying Plan"},"content":{"rendered":"<div>\n<p>Nano Labs (NA), a Nasdaq-listed designer of high-throughput computing chips, has struck a private agreement to sell $500 million in convertible notes that mature in 360 days to buy Binance&#8217;s BNB BNB token for its balance sheet.<\/p>\n<p>The unsecured notes will carry no coupon and can be swapped at any time for the company\u2019s Nasdaq-traded Class A shares at an initial price of $20. If investors hold to term, Nano Labs must repay the principal in full.<\/p>\n<p>The firm said in a <a href=\"https:\/\/www.globenewswire.com\/news-release\/2025\/06\/24\/3104053\/0\/en\/Nano-Labs-Announces-US-500-Million-Convertible-Notes-Private-Placement-for-BNB-Treasury-Strategy.html\">press release<\/a> that the raise is the first step in a treasury program built around Binance\u2019s BNB.<\/p>\n<p>The company intends to buy as much as $1 billion in BNB through note sales and other private placements, with a long-term goal of owning 5%\u201310% of the token\u2019s circulating supply. BNB\u2019s total market capitalization currently stands at $90.3 billion.<\/p>\n<p>Nano Labs will evaluate BNB\u2019s security and value before making the move. The firm pointed out that the agreement isn\u2019t yet closed.<\/p>\n<p>Nano Labs\u2019 shares surged more than 100% since the announcement was made to now trade at $22.<\/p>\n<p>Its press release comes shortly after a group of former hedge fund executives revealed plans t<a href=\"https:\/\/www.coindesk.com\/markets\/2025\/06\/23\/hedge-fund-veterans-plan-100m-bnb-treasury-bet\">o raise $100 million to buy BNB<\/a> through a Nasdaq-listed shell company.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Nano Labs (NA), a Nasdaq-listed designer of high-throughput computing chips, has struck a private agreement to sell $500 million in convertible notes that mature in 360 days to buy Binance&#8217;s BNB BNB token for its balance sheet. The unsecured notes will carry no coupon and can be swapped at any time for the company\u2019s Nasdaq-traded [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-33459","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/33459","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33459"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/33459\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}