Nasdaq-listed company BNB Network 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.
The latest move is part of a broader plan to continue accumulating BNB, with the potential to expand the investment up to $1.25 billion through its warrant structure. By expanding their portfolios through a BNB treasury, BNC joins the growing trend of publicly traded companies setting up a crypto reserve.
BNC To Focus on BNB Exposure
BNC is making a pivot to BNB treasury under the new Nasdaq ticker, as it aims to restructure its crypto strategy. As part of its leadership team, BNC has David Namdar, co-founder of mining company Galaxy Digital, at the helm as CEO. He is joined by Russel Read of CalPERS and former Kraken director Saad Naja. Other team members include Hans Thomas, Founding Partner of 10X Capital, and Alexander Monje.
For BNC, BNB is a strategic reserve and a growth opportunity. The native token of the BNB Chain is currently the fourth-largest cryptocurrency by market cap, while the chain ranks as the third-largest chain by TVL with $12.3 billion. Recently, the digital asset broke its all-time high, crossing $800 for the first time in history. BNC’s strategic investment in BNB aligns with the company’s objectives and roadmap, as the crypto asset shows a massive growth opportunity.
The purchase proves BNC’s role as a leading institutional holder of BNB globally. The company aims to bring greater institutional exposure to the BNB ecosystem, citing the underrepresentation of the asset in the United States, despite boasting 250 million users daily.
BNB Treasuries Continue to Rise in 2025
BNC isn’t the only public company setting up a corporate treasury with BNB. Some hedge fund professionals from Coral Capital Holdings have outlined plans to launch a $100M BNB treasury through a soon-to-be-renamed firm, Build & Corporation. If successful, this would mark the first public company to adopt BNB as a core asset, mirroring MicroStrategy’s Bitcoin adoption.
Windtree Therapeutics is also on the verge of raising a $500M equity line of credit with Build and Build Corp to set up a BNB treasury, making it one of the earliest in the health sector to make this strategic pivot. The plan will embrace more investment opportunities and enhance access and liquidity. Furthermore, YZi Labs, an investment vehicle, has announced support for 10X Capital in launching “The BNB Treasury Company.” The new venture will exclusively focus on BNB, with plans to list on a major U.S. exchange.
The pivot to BNB signals a shift in corporate crypto strategy. Most companies focus on Bitcoin and Ethereum as their core assets. However, companies are looking beyond ETH and BTC, as they look to legitimize cryptocurrency as part of traditional finance.
What’s Next for BNC?
BNC will continue to accumulate BNB, according to the team. This positions the company uniquely to capture the United States market via the BNB institutional offering. The U.S. and global investors can gain exposure to BNB without holding the asset directly.
Meanwhile, DIQ experts believe that a potential price upside will be evident soon following this news. Currently, BNB trades at $810, up 6% in 7 days. DIQ analysts suggest BNB could rally toward a new high of $1000 amid increased treasury demands and DEX inflow.
The year 2025 could be a defining moment for BNB, as the asset continues to gain traction among corporate treasuries. BNB’s move sets a benchmark for institutional adoption of assets beyond Bitcoin and Ether. For BNB, it’s transitioning from a native token to a recognized reserve asset.
