Nano Labs Ltd (NASDAQ: NA), a relatively lesser-known Chinese-based Web3 infrastructure company, surged nearly 20% on Monday with shares trading around $6 after opening at $5.22.
The surge comes on the back of a renewed bullish tone around digital assets, especially Binance Coin (BNB), which recently recorded an all-time high of $899.70 on August 23 before consolidating well off the spread further back around $868, as of writing.
Just last week, BNB with $120 billion, surpassed Rolls-Royce in market cap ($118 billion).
Nano Labs trading gets choppy at $6. Source: TradingView The stock started the trading session at $5.22 and gained ground quickly. The stock achieved an intraday high of $6.18. It has been positive for the majority of the session and is likely to be one of the biggest one-day rallies it has seen lately.
Nano Labs has quietly made a name for itself as a hybrid of a semiconductor innovator and corporate crypto treasurer. The company was founded in 2019 and is based in Hangzhou, focusing on high-throughput and high-performance computing chips, marketed as the Cuckoo series.
These chips are designed to replace traditional GPUs for memory-hungry blockchain and AI workloads.
More recently, on July 3, the company announced that it obtained around 74,315 BNB tokens through an OTC transaction valued at around $50 million, increasing its total digital asset portfolio–mostly Bitcoin and BNB– to about $160 million. The management also mentioned that it intends to build that position and ultimately obtain up to $1 billion worth of BNB.
The most recent influx in its stock could signal fresh investor interest, given BNB’s record streak and new BNB-targeting treasury initiatives, e.g., B Strategy, which brought its $1 billion listed vehicle to market on August 25.
Regardless of what kicked off the rally on Monday, Nano Labs bullish momentum is clearly linked to its growing reserves.
This story was originally reported by TheStreet on Aug 25, 2025, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.
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