BNC Now Holds More BNB Than Any Corporation on Earth—Here’s Why It Matters

Binance’s shadow empire just flexed harder than a Wall Street hedge fund. BNC—the exchange’s opaque Swiss-army-knife entity—now sits atop the corporate BNB food chain. No banks, no VC firms, just pure crypto accumulation.

How? By playing the ultimate insider game. While regulators chase retail ‘degens,’ BNC quietly stacks its own token like a Vegas high roller counting chips. The ultimate HODL strategy—if you ignore the conflict-of-interest elephant in the room.

One cynical take? This is either genius treasury management… or the world’s most brazen token pump. Either way, the crypto casino keeps spinning.

Nasdaq-listed BNC, formerly known as VAPE, has purchased 200,000 BNB tokens worth $160 million, becoming the largest corporate holder of BNB worldwide. This purchase was funded by a $500 million private placement led by 10X Capital and YZi Labs. BNC plans to keep buying BNB, potentially increasing investment up to $1.25 billion through warrants. The company is focusing its treasury strategy entirely on BNB, aiming to strengthen institutional exposure to the Binance Coin ecosystem.