- BNC acquires 200,000 BNB worth $160M in first major purchase.
- $500M raised to start $1.25B BNB treasury strategy.
- BNB price rises to $818 after corporate acquisition news.
- BNC is now the largest corporate holder of Binance Coin globally.
BNB Treasury firm BNC, owned by Nasdaq-listed CEA Industries, has acquired 200,000 Binance Coins (BNB) worth about $160 million. This purchase makes BNC the largest corporate holder of BNB globally. The move comes days after the company raised $500 million in a private placement to begin building a large BNB reserve.
BNC Secures $160 Million in BNB to Lead Corporate Holdings
CEA Industries confirmed the purchase through its BNB Network Company division. The transaction marks the first stage of a treasury strategy that could reach $1.25 billion in BNB holdings. The funds for the first purchase came from a $500 million private placement led by 10X Capital and YZi Labs.
The company has stated that the remaining allocation will be deployed over time. It also holds warrants that could provide access to another $750 million for future BNB acquisitions.
Nasdaq-listed company BNC (formerly VAPE) has announced a $160 million purchase of 200k BNB, making it the largest corporate holder of BNB globally. The acquisition was funded through a $500 million private placement led by 10X Capital and YZi Labs. BNC plans to continue…
— Wu Blockchain (@WuBlockchain) August 11, 2025
According to CEO David Namdar, “BNB is not just a strategic reserve—it’s a growth opportunity aligned with one of the strongest ecosystems in the industry.”
BNB’s Market Standing and Institutional Interest
Binance coin is the native cryptocurrency of BNB Chain and ranks fourth by market capitalization. It is also the third-largest blockchain by total value locked, with $12.3 billion. The network has about 250 million users and daily trading volumes of $9.3 billion.
Following the announcement of the BNC purchase, BNB’s price rose to around $818, showing an 18% increase in the past month.
Analysts note that the token has maintained strong support above $800, with resistance around $825. Some market watchers see potential for the price to test $850 if momentum continues.
Corporate Treasury Strategies Expand into Digital Assets
The move by BNC is being compared to strategies used by other public companies to hold digital assets as part of their reserves. MicroStrategy’s Bitcoin-focused approach has been a notable example in recent years, and BNC’s decision signals a similar approach for Binance coin.
The company has not disclosed the on-chain wallet addresses where the BNB is held. However, given CEA Industries’ public listing, the investment will likely draw regulatory attention. The strategy aims to provide both U.S. and international investors indirect exposure to BNB without requiring them to hold the token directly.
BNC has indicated that it will continue its buying program until the initial treasury target is reached. The company also plans to explore additional opportunities within the BNB ecosystem as part of its long-term plan.
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