Nasdaq-Listed BNC Buys 200K BNB for $160M, Becomes Largest Corporate BNB Holder

BNB Network Company (BNC) has purchased 200,000 BNB tokens for $160 million, establishing itself as the world’s largest corporate holder of Binance Coin following a landmark $500 million private placement led by 10X Capital and YZi Labs.

The acquisition transforms the Nasdaq-listed company into a crypto-first treasury operation focused exclusively on BNB as its primary reserve asset.

Strategic Leadership Overhaul Signals Crypto-First Pivot

Under its new ticker, BNC, the company restructured leadership to support its BNB-focused strategy.

David Namdar, co-founder of Galaxy Digital, joined as CEO alongside Russell Read, former CIO at CalPERS, and former Kraken director Saad Naja. 10X Capital’s Hans Thomas and Alexander Monje also joined the board of directors.

The move follows a surge in corporate BNB adoption throughout 2025. Nano Labs led the initial wave in July, purchasing 74,315 BNB tokens for $50 million at an average price of $672.45.

The Hong Kong-listed company plans to control 5-10% of BNB’s circulating supply through a $1 billion accumulation strategy using convertible notes and private placements.

Similarly, Windtree Therapeutics secured up to $520 million in funding to build one of the largest corporate BNB treasuries, potentially becoming the first Nasdaq-listed company with direct BNB holdings.

The biotechnology firm allocated 99% of proceeds to BNB acquisitions following shareholder approval.

Build and Build Corp executives also sought $100 million to purchase BNB through publicly traded structures, following the MicroStrategy model pioneered for Bitcoin accumulation.

The initiative targeted institutional investors seeking exposure to Binance’s ecosystem without direct token holdings.

BNB’s corporate adoption surge coincided with its breakthrough to new all-time highs, reaching $861.2 and surpassing Nike’s $112 billion market capitalization to achieve a $119 billion valuation.

The token gained 31.47% in July alone, with 98% volume increases, generating $3.85 billion in daily trading activity.

Altcoin Treasury Revolution Accelerates Beyond Bitcoin

Public companies are increasingly diversifying crypto holdings beyond Bitcoin to include Ethereum, Solana, XRP, and BNB, according to Animoca Brands Research.

Market reactions have been substantial, with companies revealing altcoin holdings experiencing average stock price jumps of 150% in one day, 185% weekly, and 226% monthly.

SharpLink Gaming became the world’s largest corporate Ethereum holder, purchasing 32,892 ETH worth $115 million to bring total holdings to 144,501 ETH valued at $515 million.

The company’s stock soared 29% during its accumulation period and increased sixfold since adopting its ETH treasury strategy.

Similarly, BIT Mining announced plans to raise $200-300 million for a Solana treasury, while DeFi Development Corp acquired $2.7 million worth of SOL tokens.

Canadian firm Sol Strategies holds over 420,000 SOL tokens and filed for a Nasdaq listing under the ticker “STKE.”

The altcoin treasury trend gained momentum as Bitcoin dominance fell from 64.5% in June to 59% in August.

Binance Ecosystem Growth Drives Institutional Confidence

Last month, BNB Chain dominated key blockchain metrics, leading all networks in DEX volume. On July 28, for instance, it saw $5.06 billion in volume, surpassing Ethereum’s $3.54 billion and Solana’s $2.217 billion.

The network generates $3.96 million in application revenue compared to Ethereum’s $2.39 million.

Binance unveiled Institutional Loans, offering verified corporate clients up to 4x leverage against multiple accounts without asset consolidation.

The cross-collateralized credit line supports over 400 collateral assets, with BTC, ETH, and BNB exempt from haircut ratios.

In July, the exchange leads altcoin deposit activity with up to 59,000 daily deposits during market peaks, more than double Coinbase’s volume.

Additionally, Changpeng Zhao’s net worth surged to $75 billion following BNB’s all-time high in July, as the Binance founder owns approximately 64% of the circulating supply, equivalent to 98 million tokens.

Combined with his 90% Binance ownership stake valued at $35 billion, CZ ranks among the world’s 25 wealthiest individuals.

Notably, BNB Chain is preparing for major infrastructure upgrades targeting 20,000 transactions per second by 2026 with confirmation times under 150 milliseconds.

The network will introduce native privacy features and upgradeable virtual machines to support institutional adoption and treasury strategies.

The post Nasdaq-Listed BNC Buys 200K BNB for $160M, Becomes Largest Corporate BNB Holder appeared first on Cryptonews.