Wu Shuo learned that Nasdaq listed company Nano Labs announced that it will raise $500 million through convertible bond private placement, initially intended to purchase BNB worth $1 billion, and plans to hold 5% to 10% of BNB's liquidity in the long term. The company has signed agreements with multiple investors for a period of 360 days, during which no interest will be charged, and can be converted into Class A common stock at a rate of $20 per share.