BNC Pivots to BNB With Record $160 Million Buy
The post BNC Pivots to BNB With Record $160 Million Buy appeared on BitcoinEthereumNews.com.
Backed by a $500 million private placement involving investors tied to Binance founder Changpeng Zhao, the company plans to expand its BNB holdings to as much as $1.25 billion, due to the token’s deflationary model, growing ecosystem, and potential for a future ETF. This move is part of the broader corporate treasury shift toward alternative cryptocurrencies beyond Bitcoin and Ethereum. Meanwhile, Bitcoin analyst Willy Woo praised BTC as the “perfect asset” for the next millennium but still warned that it needs massive capital inflows to rival gold or the US dollar. He also pointed out risks from overleveraged treasuries, ETF reliance, and custodial concentration among institutional investors. BNC Bets Big on BNB BNC, a subsidiary of CEA Industries, made a major move by purchasing 200,000 BNB for $160 million. This purchase made the largest publicly listed holder of the Binance-associated token. The acquisition was executed through BNC’s treasury management arm, BNB Network Company, as part of a broader shift in corporate strategy. Just last month, the Nasdaq-listed firm announced that it was pivoting away from its former focus on nicotine vapes to concentrate on building a BNB treasury. It even changed its ticker symbol from VAPE to BNC. Press release from CEA Industries The transition is being fueled by large capital commitments, as the company recently secured $500 million in a private placement led by 10X Capital and YZi Labs, an investment firm linked to Binance founder Changpeng Zhao. BNC described BNB as a compelling long-term asset, especially due to its deflationary token burns, growing on-chain activity, and the possibility of a future BNB spot exchange-traded fund (ETF). The company also plans to help boost institutional participation in the BNB ecosystem, which it sees as underrepresented in the US market. BNC intends to continue accumulating BNB until its initial $500…
Filed under: News - @ August 11, 2025 1:30 pm