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2w ago

BNB Network Company Acquires 200,000 BNB in $160 Million Treasury Initiative

The move sets the stage for exploring staking and decentralized finance strategies to generate revenue.

Cea industries becomes largest corporate holder of bnb with $160m buy
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Bnc invests $160 million in bnb, becomes largest corporate holder of bnb globally

Overview

  • BNB Network Company spent $160 million to purchase 200,000 BNB tokens, making it the world’s largest corporate holder of the asset.
  • The acquisition was funded by an oversubscribed $500 million private placement led by 10X Capital and YZi Labs.
  • The firm holds warrants that could unlock up to $750 million more for BNB purchases, potentially increasing its stake to $1.25 billion.
  • Executives intend to start staking and lending operations on BNB Chain by month’s end to seek yield from the tokens.
  • Shares climbed 3.7% to $17.10 as analysts debate whether heavy corporate BNB accumulation supports mainstream adoption or threatens decentralization.