Nano Labs Ltd. announced that its Binance Coin (BNB) reserve has grown to more than 130,000 tokens, a value of roughly US$112 million as of December 31 2025. The increase follows a recent acquisition round that added to the company’s crypto‑asset holdings, which now form a core component of its balance sheet.
The board has approved a share‑repurchase program worth up to US$25 million and has begun executing the buyback under current market conditions. The program will be funded from existing cash balances and proceeds from the liquidation of crypto assets, and it will continue only as long as market conditions remain favorable. The share buyback was first authorized on October 15 2025, and the company’s shareholders approved related resolutions at its annual general meeting on December 30 2025.
Nano Labs’ management says the expanded BNB reserve strengthens its long‑term BNB reserve strategy and provides a hedge against fiat‑currency volatility. The company has positioned BNB as a primary reserve asset alongside Bitcoin, reflecting its belief that digital assets can deliver higher risk‑adjusted returns than traditional cash holdings. The share‑repurchase program signals confidence that the stock is undervalued and that the company can return capital to shareholders while maintaining a robust crypto‑asset position.
Despite the positive signals, Nano Labs faces significant financial headwinds. The company has reported negative profitability, declining revenue growth over the past three years, and high leverage. These challenges underscore the importance of disciplined capital allocation and suggest that the share buyback is a strategic move to support shareholder value amid ongoing operational pressures.
Investors have responded positively to the dual announcement, indicating confidence in Nano Labs’ strategy to balance crypto‑asset growth with shareholder returns. The market reaction reflects the perceived value of the company’s expanded BNB reserve and its willingness to deploy capital through a share‑repurchase program, even as financial fundamentals remain under pressure.
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