According to @QCompounding, the Nasdaq-listed chip designer Nano Labs (NA) has seen its stock price surge by more than 100% to $22 per share. This dramatic increase followed the company's announcement of a plan to acquire up to $1 billion in Binance's BNB token for its corporate treasury. The initial step involves a private agreement to sell $500 million in 360-day unsecured convertible notes, which carry no coupon and can be converted into Class A shares at $20 each. Nano Labs stated its long-term objective is to hold 5% to 10% of BNB's circulating supply. This move signals growing institutional interest in holding major cryptocurrencies like BNB, which is currently trading around $648, on corporate balance sheets. The source notes that the agreement has not yet been finalized.