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