Nano Labs is a Chinese fabless integrated circuit design company specializing in high-throughput computing (HTC) and high-performance computing (HPC) chips. In November 2024, the company adopted Bitcoin as a strategic reserve asset, acquiring 360 BTC through the HashKey Exchange in Hong Kong. In June 2025, it issued convertible notes payable in crypto, receiving 600 BTC as the initial closing tranche.
| Instrument | Term | Coupon | Principal | Outstanding | Conv. price |
|---|---|---|---|---|---|
| Total | 0.00 USD | ||||
Full BTC disposal. Repaid BTC-denominated convertible notes (~604.5 BTC total: 300 BTC per bondholder + 4.5 BTC compensation) before Dec 31 2025. Dec 31 2025 crypto position is 130,000 BNB (~$112M), confirmed by balance sheet and Dec 31 2025 press release.
Form 6-K (H2 2025 financial results)Fully repaid before Dec 31 2025 per H2 2025 earnings; announced Nov 12 2025 (300 BTC per bondholder + 4.5 BTC compensation)
Form 6-K (H2 2025 financial results)