US EditionCrypto Treasury News: A Nasdaq-Listed Firm Surges After Unveiling $1 Billion BNB Token Buying Plan
20 Articles
20 Articles
Crypto Treasury News: A Nasdaq-Listed Firm Surges After Unveiling $1 Billion BNB Token Buying Plan
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'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’s Nasdaq-traded Class A shares at an initial price of $20. If investors hold to term, Nano Labs must repay the principal in full.The f…
Connect with Like-minded Crypto Enthusiasts! Connect on Discord! Check out our Discord Is Binance Coin (BNB) the next cryptocurrency to hit Wall Street after Bitcoin? Two companies are announcing plans for a BNB reserve this week. Nano Labs Invests $1 Billion in BNB Nano Labs, a publicly traded blockchain infrastructure provider in China, is planning to buy $1 billion worth of BNB tokens in the near future. The company plans to hold this massiv…
Nano Labs Surges on $500M Convertible Notes for BNB Treasury Plan
Nano Labs Ltd (NASDAQ: NA) shares spiked 168% on Tuesday following the company's announcement of a $500 million convertible notes offering to fund a massive BNB accumulation strategy.The stock surged from Monday's close of $10.89 to an intraday high of $29.18 before closing at $14.85. After-hours trading saw shares decline further to $13.55.The Hong Kong-based Web 3.0 company plans to acquire $1 billion worth of BNB through convertible notes and…
Nano Labs Commits $500 Million to BNB Treasury Via Private Placement - Crypto News Flash
Nano Labs is putting $500 million into BNB with convertible notes, aiming for major supply share. The stock jumped over 106% after the deal news, despite no collateral and uncertainty surrounding the finalization. Nano Labs, a China-based blockchain infrastructure company, has committed $500 million to purchase Binance’s BNB token through a private placement deal using convertible promissory notes. The agreement is part of a broader plan to expa…
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