BNC Goes All-In: $160M BNB Purchase Crowns It World’s Top Corporate Whale

Binance's investment arm just dropped a nine-figure bomb on its own token—and reshuffled the crypto power players overnight.

The buy that broke the leaderboard

That $160 million splurge didn't just burn a hole in BNC's treasury—it bulldozed past every institutional bag holder in existence. Suddenly, the 'corporate adoption' narrative isn't just hedge funds dabbling with ETFs.

When the exchange becomes the whale

Nothing says 'vertical integration' like becoming your own largest client. The move reeks of either supreme confidence or a desperation play—take your pick while watching the order books.

Finance traditionalists are clutching their pearls (and spreadsheets), but in crypto? This is just Tuesday. The only surprise is that it took this long for an exchange to openly manipulate its own supply.

The corporate race into crypto has just gotten hotter, starting with Bitcoin, then Ethereum, XRP, and now coming down to BNB. Nasdaq-listed company BNC (formerly VAPE) has announced a $160 million purchase of 200k BNB. 

This huge purchase makes BNC the largest corporate holder of BNB in the world. Following the news, the BNB price jumped to $819, marking an 8% gain in just a week.

From VAPE to Crypto Power Player

According to Wu Blockchain, Nasdaq-listed BNB Network Company (BNC) — formerly known as VAPE, has made a bold entry into the Binance ecosystem, spending $160 million to buy 200,000 BNB tokens.

This wasn’t just a casual market buy. The purchase was backed by a $500 million private funding round led by 10X Capital and YZi Labs, signaling strong confidence from heavyweight investors.

Nasdaq-listed company BNC (formerly VAPE) has announced a $160 million purchase of 200k BNB, making it the largest corporate holder of BNB globally. The acquisition was funded through a $500 million private placement led by 10X Capital and YZi Labs. BNC plans to continue…

While many public companies are still experimenting with Bitcoin or Ethereum, BNC has gone straight for a high-stakes bet on BNB, a token deeply tied to the Binance ecosystem.

Plans to Keep Buying

BNC isn’t stopping here. With its warrant structure, it could boost its BNB investment to $1.25 billion, gaining huge influence over corporate holdings. If they follow through, that WOULD put the company in a position of massive influence over BNB’s corporate ownership.

If more corporations follow this path, BNB could MOVE from being primarily an exchange utility token to a recognized strategic asset for big institutions.

Impact on BNB Price

BNB’s market momentum has been undeniable. The token price has climbed 18% over the past month, trading between $750 and $838 in the last week. 

Meanwhile, the Relative Strength Index (RSI) is at 65.88, suggesting more room for growth before hitting overbought territory.

However, technical analysis suggests that breaking above $825 could send prices to $850–$875

On the flip side, if resistance holds, prices may drop to $790, with $750 as strong support