Nasdaq Firm Invests $1.25B in BNB Shares Surge 717% in 24 Hours

A Nasdaq-listed firm has unveiled an aggressive strategy to allocate up to $1.25 billion in private equity funding toward Binance Coin (BNB), positioning itself as a major player in the crypto market. The initial $500 million round, secured through a deal led by YZi Labs, includes $400 million in cash and $100 million in cryptocurrency, with an additional $750 million potentially available through warrant conversions. The capital will be directly funneled into accumulating BNB, enabling the company to compete with other publicly traded entities focused on the asset [1].

The move has already triggered a dramatic market reaction. Following the announcement, the firm’s stock surged 717% in 24 hours, closing at $72.51, signaling strong investor confidence in the strategy. The initiative is spearheaded by David Namdar, co-founder of Galaxy Digital, who will serve as CEO, alongside Russell Read as chief investment officer. Treasury management will be overseen by YZi Labs and 10X Capital, with support from over 140 institutional backers.

This pivot reflects a broader trend of publicly traded companies embracing BNB-centric strategies. The firm now joins peers like Windtree and Nano Labs in the race to build significant BNB holdings. Collectively, Nasdaq-listed firms’ BNB treasuries have surpassed $1.5 billion, underscoring growing institutional demand for Binance’s native token. Analysts note that the strategy leverages BNB’s role as a foundational asset for decentralized finance (DeFi) and blockchain infrastructure, though long-term success will depend on the token’s price performance and regulatory clarity [1].

The private equity deal highlights the shifting dynamics in crypto investing, where traditional financial players are increasingly allocating capital to digital assets. By locking in large-scale BNB acquisitions, the firm aims to capitalize on the token’s utility across trading fees, staking rewards, and network governance. However, critics caution that such concentrated exposure could amplify risks if market sentiment shifts or regulatory scrutiny intensifies.

Source: [1] [title: This Nasdaq Firm Is Going All-In on BNB With a Billion-Dollar Strategy] [url: https://coinmarketcap.com/community/articles/6887d7c1d834536705badf12/]