Nano Labs announced an investment in CEA Industries Inc., the company behind the Binance Coin (BNB) strategic reserve, further strengthening its BNB strategic reserve. Under the terms of the agreement, Nano Labs subscribed for 495,050 Class A common shares of CEA Industries Inc. at $10.10 per share. The investment also included an equal number of 495,050 warrants with an exercise price of $15.15 per share. If fully exercised, Nano Labs will hold a maximum of 990,100 shares of the company.

This round of investment includes the subscription of 495,000 common shares and an equal number of warrants to support its $500 million PIPE financing plan. As of the date of this announcement, Nano Labs holds approximately 128,000 BNB.