BNB Network Company, the treasury arm of CEA Industries (BNC), has announced the purchase 200,000 BNB tokens in a $160 million bet, making it the largest corporate holder of BNB.The move is part of the company’s new treasury strategy that will center exclusively on BNB, and comes after a recent $500 million private placement led by 10X Capital and YZi Labs.BNC has overhauled its leadership to support the shift, the company said in a press release announcing the acquisition. David Namdar, co-founder of Galaxy Digital, is taking over as CEO, joined by Russell Read, former CIO at CalPERS, and Saad Naja, a former Kraken director. 10X Capital’s Hans Thomas and Alexander Monje have also joined the board.The company plans to continue acquiring BNB until its treasury funds are fully deployed. If warrants tied to the fundraising are exercised, BNC could have as much as $1.25 billion to invest in the token.CEA Industries’ shares are up 22.2% in pre-market trading at $20.9.

According to Tradingview market data, the pre-market increase of BNC, the US stock "BNB version of MicroStrategy," exceeded 31%, and its market value rose to $14.38M.Earlier news, <a href="https://www.odaily.news/zh-CN/newsflash/442725">publicly listed BNB Network Company (NASDAQ: BNC) announced the purchase of 200,000 BNB, with a transaction amount of approximately $160.00M, making it the world's largest corporate BNB holding institution. The company previously completed a $500.00M private placement led by 10 X Capital and established BNB as its primary reserve asset.</a> [Odaily]

MAG7.SSI

"BNB version of MicroStrategy" BNC rose more than 31% in pre-market trading, with a market value of $14.38M

On August 11, according to Rockflow market data, the US stock "BNB version of MicroStrategy" BNC rose more than 31% in pre-market trading, with its market value rising to $14.38M.

Earlier today, BNC announced the purchase of 200,000 BNB, with a total cost of approximately $160.00M, becoming the world's largest corporate BNB holding institution. CEA Industries (BNC) completed a $500.00M private placement led by YZi Labs on August 5, 2025, to support the implementation of its BNB-centric treasury strategy. The company's previous stock code was VAPE, which was changed to BNC on Wednesday, August 6, 2025. [BlockBeats]

"BNB version of MicroStrategy" BNC rose over 31% in pre-market trading, with a market cap rising to $14.38M

On August 10, 2025, Nasdaq-listed BNC (formerly VAPE, Nasdaq: BNC) announced that it had spent approximately $160.00M to purchase 200,000 BNB tokens, becoming the world's largest corporate BNB holder. The acquisition was funded by a $500.00M private placement led earlier this year by 10X Capital and YZi Labs, which will be used exclusively to build a reserve strategy with BNB as its sole core asset.

# A New Fiscal Strategy Focused on BNB

Following its name change and strategic realignment, BNC has fully focused its asset management business on BNB and restructured its executive team: Galaxy Digital co-founder David Namdar has been appointed CEO, while former CalPERS CIO Russell Read and former Kraken executive Saad Naja have joined the management team; 10X Capital founding partner Hans Thomas and partner Alexander Monje have joined the board of directors.

# Why Bet on BNB

BNB is the native token of BNB Chain, one of the world's most active Web3 developer and user ecosystems, currently ranked fourth in the world by market capitalization and third in the world with a total locked value (TVL) of $12.30B. With its deflationary burn mechanism, rising on-chain activity, and potential catalysts such as a potential BNB spot ETF, BNB is seen as an asset with significant long-term appreciation potential.

# Far-Reaching Impact on the Market and Industry

BNC's $160.00M holdings firmly establish it as the world's largest institutional-grade BNB reserve. The current BNB ecosystem has approximately 250.00M users and an average daily trading volume of $9.30B, but is still relatively under-allocated in the U.S. market. BNC plans to play a bridging role, paving the way for more institutional capital to enter the BNB ecosystem.

# Subsequent Plans

BNC will continue to increase its holdings of BNB until the first phase of funding is fully deployed; in addition, the company may raise up to $750.00M through warrant structures, with total fundraising potentially approaching $1.25B to further expand its BNB reserves. This will provide U.S. and global investors with access without directly holding BNB.

With its $160.00M entry and $500.00M in capital support, BNC not only establishes its position as the world's largest corporate BNB reserve, but also signals a strong confidence in the long-term development prospects of BNB Chain and is committed to bringing BNB to the core of the U.S. institutional investment landscape.

# About YZi Labs

YZi Labs manages over $10.00B in assets globally and adheres to an "impact-first" investment philosophy - believing that significant returns stem from meaningful change. The firm covers investments at all stages, with a focus on Web3, artificial intelligence and biotechnology. Its portfolio spans six continents and 25+ countries, covering 300+ projects, of which over 65 are from its incubation program.

# About 10X Capital

10X Capital is a next-generation investment firm dedicated to driving the digital transformation of assets and infrastructure, connecting institutional capital with high-quality global opportunities, covering public and private markets, portfolio companies, treasury operations and related investment banking businesses. With expertise in corporate development, asset and treasury management, and capital markets, 10X Capital builds digital asset treasury companies and develops disruptive strategies with global impact.

# About BNC

BNC (Nasdaq: BNC) is a publicly traded company focused on building and managing the world's largest Binance Coin (BNB) corporate vault, providing investors with institutional-grade BNB investment exposure.

[Original link](https://www.globenewswire.com/news-release/2025/08/11/3130588/0/en/BNC-Makes-160M-BNB-Bet-Becomes-Largest-BNB-Treasury-Globally.html)

This article is a contribution and does not represent BlockBeats' views. [BlockBeats]

GLXY

BNC spends $160.00M to purchase BNB, becoming the world's largest corporate BNB reserve holder

CEA Industries Becomes Largest Corporate Holder of BNB With $160.00M Buy

On August 11 (UTC+8), publicly traded BNB Network Company (Nasdaq: BNC) announced the purchase of 200,000 BNB for approximately $160.00 million, making it the world's largest corporate holder of BNB. The company previously completed a $500.00 million private placement led by 10X Capital and established BNB as its primary reserve asset. The company has completed a management restructuring, appointing Galaxy Digital co-founder David Namdar as CEO, and former California Public Employees' Retirement System (CalPERS) Chief Investment Officer Russell Read and former Kraken executive Saad Naja have joined the management team. [GlobeNewswire]

BNB Network Company announces the purchase of 200,000 BNB, with a transaction amount of approximately $160.00M

Publicly traded BNB Network Company (Nasdaq: BNC) has announced the purchase of 200,000 BNB for approximately $160.00M, making it the world's largest corporate holder of BNB. The company previously completed a $500.00M private placement led by 10X Capital and established BNB as its primary reserve asset. The company has completed a management restructuring, appointing Galaxy Digital co-founder David Namdar as CEO, and former CalPERS Chief Investment Officer Russell Read and former Kraken executive Saad Naja to the management team. [ChainCatcher]

BNB Network Company announces the purchase of 200,000 BNB, with a transaction amount of approximately $160.0 million.

BNB Network Company, the fund management business of publicly listed CEA Industries Inc. (NASDAQ: BNC), has acquired 200,000 BNB tokens, becoming the world's largest holder of BNB. This acquisition follows the company's completion of a $500 million private placement led by 10X Capital, in partnership with YZi Labs, to support a treasury strategy centered around BNB, which has become the company's primary reserve asset. [PANews]

BNC, a listed company, purchased 200,000 BNB

MetaEra News, August 11 (UTC+8), CEA Industries (BNC), the "MicroStrategy on BNB" supported by YZi Labs, announced the purchase of 200,000 BNB, spending approximately $160.00 million, becoming the world's largest corporate BNB holding institution. CEA Industries (BNC) completed a $500.00 million private placement led by YZi Labs in 2025 to support its BNB-centric treasury strategy implementation. [律动]

"BNB Version of MicroStrategy" BNC Announces Purchase of 200,000 BNB, Becoming the World's Largest Corporate BNB Holder

CEA Industries (BNC), supported by YZi Labs, announced the purchase of 200,000 BNB in its "BNB Version Microstrategy," with a total expenditure of approximately $160 million, becoming the world's largest enterprise-level BNB holder.

CEA Industries (BNC) completed a $500 million private placement on August 5, 2025, led by YZi Labs to support its BNB-centric treasury strategy. [律动]

"BNB Strategy Lite" BNC Announces Purchase of 200,000 BNB, Becoming the World's Largest Enterprise BNB Holder

On August 11, CEA Industries (BNC), the "MicroStrategy of BNB" supported by YZi Labs, announced the purchase of 200,000 BNB, spending a total of approximately $160.00 million, becoming the world's largest corporate BNB holding institution.

CEA Industries (BNC) completed a $500.00 million private placement led by YZi Labs on August 5, 2025, to support the implementation of its BNB-centric treasury strategy. [律动]

BNB Network Company (NASDAQ: BNC), a publicly traded company, announced the purchase of 200,000 BNB for approximately $160.00 million, making it the world's largest corporate holder of BNB. The company previously completed a $500.00 million private placement led by 10 X Capital and established BNB as its primary reserve asset.

The company has completed a management restructuring, appointing Galaxy Digital co-founder David Namdar as CEO, and former California Public Employees' Retirement System (CalPERS) chief investment officer Russell Read and former Kraken executive Saad Naja to the management team. [Odaily]

Nasdaq-listed BNC announces the purchase of 200,000 BNB, worth approximately $160.00M

On August 11, the publicly listed company BNB Network Company (Nasdaq: BNC) announced the purchase of 200,000 BNB, with a transaction amount of approximately $160.00 million, making it the world's largest corporate BNB holding institution. The company previously completed a $500.00 million private placement led by 10X Capital and established BNB as its primary reserve asset. The company has completed a management restructuring, appointing Galaxy Digital co-founder David Namdar as CEO, and former California Public Employees' Retirement System (CalPERS) Chief Investment Officer Russell Read and former Kraken executive Saad Naja have joined the management team. [Techflow]

Nasdaq-listed BNC announces 200,000 BNB, transaction amount approximately $160.00M

Nasdaq-listed BNC (formerly VAPE) has announced the purchase of 200,000 BNB for $160.00 million, making it the corporate institution with the largest BNB holdings globally. The acquisition funds come from a previous $500.00 million private placement led by 10X Capital and YZi Labs. BNC has completed a restructuring of its executives, with Galaxy Digital co-founder David Namdar serving as CEO. The company stated that it will continue to purchase BNB and may add up to $1.25B through warrant structures.

Nasdaq-listed BNC announces the purchase of 200,000 BNB for $160.00M

Recently, the reserve narrative surrounding Ethereum (ETH) and altcoins has continued to proliferate. While many altcoins have found their way into the reserves of major corporations, the latest news comes for Binance Coin (BNB). According to the official statement, BNC (formerly VAPE), traded on Nasdaq, announced that it has purchased $160.00 million worth of BNB. With this acquisition, BNB Network Company (BNC) became the largest BNB holder company globally. The acquisition was funded through a $500.00 million private placement led by 10X Capital and YZi Labs. BNC stated that it plans to continue accumulating BNB and said it has the potential to invest up to $1.25 billion through bond issuance. The company, which designated BNB as its primary reserve asset, said: “BNB is underrepresented in the US despite having 250 million users and an average daily trading volume of $9.30 billion as of July 2025. BNC aims to bridge this gap and bring more institutional assets into the BNB ecosystem.” Why BNB? The company stated that BNB has strong potential for further growth, stating that it ranks fourth by market capitalization and third by TVL. The company stated that potential catalysts such as deflationary token burns, increased on-chain activity, and the BNB spot ETF make BNB an attractive investment tool, adding that they see BNB not only as a strategic reserve but also as a growth opportunity. *This is not investment advice.

Nasdaq-Listed Company Makes Huge Purchase of This Altcoin! Becomes Market's Largest! "Purchases Will Continue!"

BNB Network Company (BNC), the treasury management firm of Nasdaq-listed CEA Industries, has poured $160 million to acquire Binance’s BNB token, purchasing 200,000 to claim the title of world's largest corporate holder of the exchange’s native crypto.

The Nasdaq-listed company completed the substantial acquisition Sunday following a $500 million private placement led by 10X Capital in partnership with YZi Labs, the family office of Binance co-founders Changpeng Zhao and Yi He.

The acquisition is a strategic shift toward BNB Chain's growth, with the company targeting an ecosystem it says serves 250 million users but lacks significant institutional presence in U.S. markets.

The company has made steps to execute its crypto-first strategy with David Namdar, co-founder of Galaxy Digital, stepping in as CEO alongside Russell Read, former CIO at CalPERS, and former Kraken director Saad Naja. 

"I see it as the chain of the future,” Namdar previously told Decrypt. "It might be the chain for AI and robotics opportunities; There’s a lot of different things that BNB can bring to the table."

BNC shares, previously listed under the ticker VAPE, were up 3.7% at $17.10 as of Monday, after trading between $16.00 and $18.75 during the session, according to Google Finance.

Ethereum Treasury Companies Could Buy 10% of All ETH: Standard Chartered

Industry observers are split on the implications, with Annu Shekhawat, global ecosystem lead at Avail, calling it "a pivotal moment" that elevates BNB “from a utility token within the Binance ecosystem to a mainstream treasury-grade asset."

However, Kadan Stadelmann, chief technology officer at Komodo Platform, offered a critical view, telling Decrypt that "our corporate overlords are co-opting crypto." 

"These are the entities that will turn crypto into a tool of the elites Bitcoin was meant to disrupt," Stadelmann added, saying that while the move is "bullish in the short-term, it is bearish for everything crypto once represented."

Decrypt has reached out to BNC for comment.

The firm plans to continue deploying its initial treasury capital and may access an additional $750 million through warrant exercises, potentially reaching $1.25 billion in total BNB purchases, it said Sunday in a statement.

Solana Treasury Company DeFi Dev Corp Buys the SOL Dip, Stacks Another $18 Million

BNC also intends to explore revenue generation through staking and DeFi activities within the BNB ecosystem, it said.

When the company first announced its treasury plan last month, shares skyrocketed over 700% at one point, pointing to significant market appetite for BNB exposure through traditional equity markets.

Story Continues

Stadelmann added that "BNB will now be seen as a safe investment for traditional finance," which could attract more institutional adoption but represents "top-down consolidation" rather than true crypto adoption.

The fourth-largest crypto is trading at $823.23, up 1.1% in the last 24 hours, as per CoinGecko.

Crypto Treasury Firm Begins Deploying $500.00M War Chest to Buy BNB

CEA Industries (BNC) 的财务部门 BNB Network Company (BNC) 宣布以 1.60 亿美元的价格购买了 200,000 个 BNB 代币，使其成为 BNB 最大的企业持有者。此举是该公司新的财务战略的一部分，该战略将完全以 BNB 为中心，此前该公司完成了由 10X Capital 和 YZi Labs 牵头的 5.00 亿美元私募。BNC 在一份宣布收购的新闻稿中表示，该公司已经彻底改革了领导层以支持这一转变。Galaxy Digital 的联合创始人 David Namdar 将接任 CEO，CalPERS 的前 CIO Russell Read 和 Kraken 的前主管 Saad Naja 也将加入。10X Capital 的 Hans Thomas 和 Alexander Monje 也加入了董事会。该公司计划继续收购 BNB，直到其资金全部投入使用。如果与融资相关的认股权证得到行使，BNC 可能有多达 12.5 亿美元投资于该代币。CEA Industries 的股票在盘前交易中上涨了 22.20%，达到 20.90 美元。

CEA Industries 以 1.60 亿美元的购买额成为最大的 BNB 公司持有者

CEA Industries 的財務部門 BNB Network Company (BNC) 宣布以 1.6 億美元的價格購買 200,000 個 BNB 代幣，使其成為 BNB 最大的企業持有者。此舉是該公司新財務策略的一部分，該策略將完全以 BNB 為中心，此前該公司剛完成由 10X Capital 和 YZi Labs 領投的 5 億美元私募。BNC 在宣布收購的新聞稿中表示，已對其領導層進行了改革，以支持這一轉變。Galaxy Digital 的共同創辦人 David Namdar 將接任 CEO，CalPERS 前任 CIO Russell Read 和 Kraken 前任總監 Saad Naja 也將加入。10X Capital 的 Hans Thomas 和 Alexander Monje 也加入了董事會。該公司計劃繼續收購 BNB，直到其財務資金全部投入使用。如果與融資相關的認股權證被行使，BNC 可能有多達 12.5 億美元的資金可用於投資該代幣。CEA Industries 的股價在盤前交易中上漲 22.2%，至 20.9 美元。