Key Points
- Nano Labs Ltd, a Web3 firm listed on Nasdaq, announced a $25 million share repurchase program, causing its shares to increase by 7% premarket.
- Despite the increase, the company’s stock is still down by almost 40% year-to-date, in stark contrast to Binance’s BNB token, which recently reached an all-time high.
Web3 firm Nano Labs Ltd, which has significant holdings in the BNB token, saw a premarket increase of 7% in its shares following the announcement of a $25 million share repurchase program.
However, the company’s stock is still down by nearly 40% since the beginning of the year, a sharp contrast to the recent all-time high of $1,370 for Binance’s BNB token.
Funding the Acquisition
The board of directors authorized the buyback announcement, allowing Nano Labs to repurchase up to $25 million of its shares over the next year.
The company plans to fund the repurchase using its existing cash reserves and the proceeds from the liquidation of its crypto assets.
Despite Nano Labs strengthening its balance sheet and investing in crypto, its shares have dropped 37% year-to-date, maintaining a market capitalization of approximately $130 million.
The repurchase plan offers Nano Labs the flexibility to buy back shares through open market transactions, privately negotiated deals, or block trades, in accordance with securities laws and insider trading regulations.
The board will periodically review the program and may adjust terms based on liquidity needs and overall business conditions.
BNB Exposure and Potential
In June, Nano Labs entered a $500 million convertible note agreement to acquire BNB and later indicated plans to expand its holdings to as much as $1 billion.
The company’s ultimate goal is to control between 5% and 10% of BNB’s total circulating supply.
Jianping Kong, Nano Labs’ chairman and CEO, purchased 480,000 Class A shares in August 2025, marking his third accumulation in just over a year.
These purchases, all made under Nano’s compliance policies, demonstrate his confidence in the firm.
Nano Labs and its executives continue to double down on BNB investment as the altcoin claimed the 3rd spot in the market.
Strategic Developments and Market Expansion
Beyond the BNB strategy, Nano Labs has pursued several corporate initiatives aimed at strengthening its Web3 infrastructure footprint.
The company entered an At-The-Market Offering Agreement with Maxim Group LLC, targeting up to $45 million in share sales to fund research, development, and crypto reserves.
It also signed a Memorandum of Understanding with TradeUP Securities to build tokenized US equities via blockchain integration.
In September, Nano Labs made an equity investment in CEA Industries Inc. and successfully transferred from the Nasdaq Capital Market to the Nasdaq Global Market.
