Nano Labs tops $ 500 million of notes to create a BNB wardrobe star-news.press/wp

Chinese Nano Labs has announced the agreement to purchase transferable notes of $ 500 million to finance the BNB Tokeen wardrobe.

On Tuesday advertisementThe company said it is planning to obtain the BNB (BNB) icon, which reaches one billion dollars through a set of convertible ear notes and special places. As part of the initiative, Nano Labs will also evaluate the security and value of BNB.

The company said in the statement: “In the long run, Nano Labs aims to keep 5 % to 10 % of the total BNB supplies.”

The notes will mature 360 ​​days after the release, with no interest on the amount. During this period, notes can be completely transformed or part of normal shares of Nano Labs.

The initial transfer price is $ 20 per ordinary share, according to adaptation. If the notes are not transferred during the allocated time, the company is expected to pay the main amount due to the due date.

Nano Labs noted that the notes are not guaranteed and warned that “there is no guarantee that the closure will happen completely or at all.”

Related to: The Binance’s BNB series is in the middle of institutionalization, Defi adoption

Chic Tracy responds to Nano’s announcement

Binance Founder and former CEO ChangPeng “CZ” Zhao shared the Nano Labs advertisement in X mail. He also highlighted that “the company’s stock passed through the ceiling” after the announcement of the BNB Reserve initiative.

CZ also highlighted that he and the regular entities with him “did not participate in this tour. However, he said they” are still very supportive. “

The Nano Labs share price increased by more than 106 % during the trading day. Currently, it is traded at $ 22.50, after closing it at $ 10.90 on the previous trading day.

Related to: Standard Chartered BNB predicts more than twice in 2025

It is not the first bnB wardrobe corporate

This is not the first time that BNB attracts the attention of institutional investors. Earlier this month, it was reported that the CEO of the Crypto Ender Fund Fund is looking to raise $ 100 million to invest in BNB.

However, the company’s offer to investors soon may have some competition for the organized markets, as the VANECK Asset Manager requests permission from American organizers to include a BNB exchange trading box (ETF).

magazine: Bitcoin is invisible between claims and CypherPunks