Nano Labs CEO Jianping Kong Buys 480,000 Shares Amid BNB Strategy
Nano Labs Update
- Jianping Kong, Chairman and CEO of Nano Labs, purchased 480,000 Class A shares in August 2025 through personal funds.
- This purchase is the third increase in his holdings within a year, following transactions in May and September 2024.
- Kong stated that Nano Labs is positioning for long-term growth in the evolving cryptocurrency and Web3 sectors.
- The company shifted to BNB as its primary reserve asset, accumulating approximately 128,000 BNB tokens valued over $108 million.
- A $500 million convertible notes issuance was announced, with zero interest and a maturity of 360 days, convertible into Class A shares at $20 each.
- Nano Labs aims to control 5-10% of BNB's circulating supply and has invested in CEA Industries Inc. for BNB reserve infrastructure development.
- Currently, BNB trades near $843, up 50% in the past year, reaching an all-time high of $899.7 recently.