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

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]