BNC Buys 200K BNB Coins Worth $160M, Tops Corporate Holders

Highlights:

• BNC bought 200,000 BNB tokens valued at $160 million after $500M funding.
• BNB price jumped over 2.5% following BNC’s large token purchase announcement.
• Corporate investments in BNB increase, signaling strong growth and adoption trends.

On August 10, BNB Network Company (Nasdaq: BNC), previously known as CEA Industries, announced the purchase of 200,000 BNB tokens worth $160 million. The latest purchase followed a $500M funding round backed by YZi Labs and 10X Capital. BNC now holds the most BNB of any public firm and aims to make it its main reserve asset. David Namdar, co-founder of Galaxy Digital, was recently appointed CEO of BNC. He is joined by Russell Read, former CalPERS CIO, and Saad Naja, former Kraken director. Additionally, Hans Thomas and Alexander Monje from 10X Capital have become members of the board.

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我们宣布，现在我们是全球最大的BNB储备.
$BNB是资产，$BNC是股票代码 ! (Nasdaq:$BNC)@cz_binance @yzilabs @BNBCHAIN https://t.co/nsoWoep18k

— 10X Capital (@10XCapitalUSA) August 11, 2025

BNB is the native token of the popular BNB Chain blockchain platform. This platform has thousands of decentralized apps (dApps) and millions of users. BNB is the fourth-largest cryptocurrency by market value. It also has a total value locked (TVL) of $12.3 billion, which shows the amount of assets being used on its network. 

BNB Price Rises After BNC’s Big Buy Plan

After the announcement, BNB’s price rose more than 2.5% to $826 within two hours. At the time of writing, it was trading around $822.30, according to CoinMarketCap. Analysts compare BNC’s approach to buying BNB with MicroStrategy’s well-known Bitcoin investment strategy, dubbing BNC the “MicroStrategy of BNB.”

The company plans to keep buying BNB until its initial funds run out and may issue warrants to raise up to $1.25 billion for further purchases. This move is expected to boost institutional interest in BNB, especially in the U.S., where it currently has limited presence. “For BNC, BNB is not just a strategic reserve—it’s a growth opportunity aligned with one of the strongest ecosystems in the industry,” noted the treasury firm.

Corporate BNB Adoption Surges in 2025 as Firms Make Major Investments

This development comes after a significant rise in corporate adoption of BNB this year. In July, Nano Labs spearheaded the rise in corporate BNB adoption by buying 74,315 BNB tokens for $50 million, at an average price of $672.45 each. Afterward, a Hong Kong-listed firm revealed plans to acquire 5-10% of BNB’s circulating supply through a $1 billion accumulation plan involving convertible notes and private placements.

Windtree Therapeutics also obtained funding of up to $520 million to create one of the biggest corporate BNB reserves. This move positions Windtree to potentially become the first Nasdaq-listed company to hold BNB directly. It could become the first Nasdaq-listed company to hold BNB directly. After shareholder approval, the biotech firm dedicated 99% of its funds to buying BNB. Leaders at Build and Build Corp also aimed to raise $100 million to acquire BNB using public trading strategies, similar to MicroStrategy’s approach with Bitcoin.

Nasdaq-listed biotech company Windtree Therapeutics (WINT) announced it has signed a $500 million equity line of credit (ELOC) agreement and an additional $20 million stock purchase deal, with total funding up to $520 million. 99% of the funds will be used to buy BNB.…

— Wu Blockchain (@WuBlockchain) July 25, 2025

This effort focuses on institutional investors who want exposure to Binance’s ecosystem without holding tokens directly. According to Animoca Brands Research, public companies are expanding their crypto portfolios to include Ethereum, Solana, XRP, and BNB, not just Bitcoin.

💰 Are altcoins the new frontier for corporate treasuries? Our latest report dives into how public companies are adopting the MicroStrategy playbook – but this time, with altcoins.

🔎 Altcoins being bought include: $ETH, $BNB, $SOL, $XRP, $HYPE, $FET, $TRX
💡 Less competition &… pic.twitter.com/lQUxkUeVzR

— Animoca Brands Research (@animocaresearch) July 17, 2025

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