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

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]