BNC Drops $160M on BNB—Now Holds More Than Any Corporation Worldwide

BNC just went all-in on BNB with a $160 million buy-in—overnight, they’ve become the whale of corporate crypto holders. No hedging, no apologies—just cold, hard stack accumulation.

Why BNB? Because even in 2025, some still believe in betting on the house. The token’s ecosystem keeps expanding, and BNC’s move screams confidence—or desperation, depending who you ask. Either way, it’s a power play.

Corporate treasury strategies have gone full degen. First MicroStrategy, then Tesla, now this. At least BNB has utility beyond ‘number go up’… right?

In Brief

• BNC purchased 200,000 BNB tokens for 160M$, thereby becoming the largest BNB holder among companies.
• The operation is financed by 500M$ raised from investors, with the possibility to increase to 1.25B$ to continue BNB purchases.
• A new management team, including recognized figures from finance and crypto, has been set up to lead this ambitious strategy.

BNB, the new core of BNC’s financial strategy

BNC, a subsidiary of CEA Industries Inc. dedicated to treasury management, has just announced the purchase of 200,000 tokens BNB. With this operation, it takes the global number one spot among companies holding BNB.

The company BNC is not half-hearted. From the announcement, the company specifies that this first purchase is only a step. It plans to continue its BNB acquisitions until the initially planned capital is exhausted.

The financing of this strategy relies on a 500 million dollar private placement, led by 10X Capital with the support of YZi Labs. This amount could rise to 1.25 billion thanks to warrants already in place. A tailor-made financial reservoir to absorb BNB.

To mark the change, BNC has modified its stock identity. Gone is the ticker VAPE; enter BNC. This gesture, more than a symbol, reflects a profound repositioning. Indeed, the company no longer wants just to hold a crypto, it wants to embody BNB-oriented institutional treasury.

Strengthened governance for an extraordinary bet

Such a strategic shift is not operated blindly. BNC has therefore revised its organizational chart. David Namdar, co-founder of Galaxy Digital, takes the general management. Alongside him, Russell Read, former CIO of the giant CalPERS, and Saad Naja, formerly of Kraken. Profiles familiar with traditional finance and the crypto world.

The board of directors is also strengthened with Hans Thomas and Alexander Monje from 10X Capital. Their presence reinforces the connection between financing strategy and operational execution. Here, no room for improvisation. Everything is designed to orchestrate a massive and coordinated BNB purchase program.

This strong governance aims to inspire investor confidence. But it also exposes BNC to a high level of transparency and oversight.

For the BNB token, the impact is immediate. It becomes more credible, more liquid, and a concrete example of institutional adoption. Observers will see a sign that altcoins can also become reserve assets for listed companies.

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