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

BNB Network Company (BNC), a Nasdaq-listed firm, has acquired 200,000 BNB tokens for $160 million, positioning itself as the largest corporate holder of Binance Coin (BNB) globally [1]. This acquisition followed a significant $500 million private placement led by 10X Capital and YZi Labs. The move represents a strategic pivot for BNC, rebranding as a “crypto-first” treasury operation with BNB serving as its primary reserve asset.

David Namdar, co-founder of Galaxy Digital, joined as CEO, alongside Russell Read, former CIO at CalPERS, and Saad Naja, former director at Kraken. The board also welcomed Hans Thomas and Alexander Monje from 10X Capital, signaling a deep institutional commitment to BNB [1]. This leadership shift aligns with the broader corporate trend of adopting BNB as part of diversified digital treasury strategies.

The surge in corporate BNB adoption gained momentum in 2025. Earlier in July, Nano Labs purchased 74,315 BNB tokens for $50 million, while Windtree Therapeutics secured up to $520 million to build one of the largest corporate BNB treasuries [1]. BNC now aims to control 5-10% of BNB’s circulating supply through a $1 billion accumulation strategy involving convertible notes and private placements [1].

BNC’s acquisition occurred alongside a sharp rise in BNB’s price performance. The token reached a record high of $861.2 in July, surpassing the market capitalization of Nike to hit $119 billion [1]. BNB’s valuation grew by 31.47% in that month alone, with 98% year-over-year volume growth and $3.85 billion in daily trading activity [1]. This performance has been accompanied by a surge in institutional interest, particularly in the Binance ecosystem.

Binance has also expanded its institutional offerings. The exchange introduced Institutional Loans, providing verified clients with up to 4x leverage on multiple accounts without the need for asset consolidation. The cross-collateralized credit line supports over 400 assets, including BTC, ETH, and BNB, with the latter exempt from haircut ratios [1]. In July, Binance recorded more altcoin deposits than any other platform, with over 59,000 daily deposits during peak market activity [1].

BNB Chain, the network behind BNB, has seen record DEX trading volumes. On July 28, BNB Chain processed $5.06 billion in DEX volume, outpacing Ethereum’s $3.54 billion and Solana’s $2.217 billion [1]. The network also generated $3.96 million in application revenue during the same period [1]. Looking ahead, BNB Chain is preparing for infrastructure upgrades aiming to handle 20,000 transactions per second by 2026, with confirmation times under 150 milliseconds. The network is also introducing native privacy features and upgradeable virtual machines to support institutional adoption [1].

Binance CEO Changpeng Zhao (CZ) saw his net worth surge to $75 billion in July, as the value of BNB hit a new high. With approximately 64% of the circulating supply and 98 million tokens in his possession, CZ ranks among the world’s 25 wealthiest individuals [1]. Combined with his 90% ownership stake in Binance valued at $35 billion, CZ’s net worth reflects the growing influence of the Binance ecosystem [1].

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