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Title: B Strategy Launches $1 Billion BNB Treasury, Mirroring 10X Capital's Model
B Strategy, a digital asset investment firm founded by former Bitmain executives, has announced plans to launch a $1 billion BNB treasury. The initiative, which mirrors the structure used by 10X Capital, aims to accumulate and hold BNB as a long-term reserve asset. This move is backed by YZi Labs, the family office of Binance co-founder Changpeng Zhao, and is funded through a private placement with a US-listed partner [1].
Key Details of the BNB Treasury Plan
The BNB treasury is designed to be a dedicated reserve vehicle for acquiring and holding BNB. B Strategy intends to fund this treasury through a private placement with a US-listed company. After securing the capital, the listed entity will purchase BNB and transition into a treasury-focused entity, similar to the approach taken by 10X Capital, which raised $250 million to accumulate BNB as a reserve [1].
Significance of YZi Labs' Involvement
YZi Labs' backing is significant as it provides access to capital and strategic credibility. As the family office associated with Changpeng Zhao, YZi Labs has been pivotal in recent BNB treasury formations. The involvement of YZi Labs reinforces market confidence in treasury vehicles and aligns with the broader trend of corporate treasuries using BNB as a strategic reserve [1].
Performance of BNB Treasury Companies
Companies that have announced BNB treasuries have produced mixed public-market outcomes. For example, shares of CEA Industries surged 550% after unveiling a BNB treasury plan, while another vehicle, BMB Network Company's $500 million BNB treasury, reported oversubscription in its funding round. These outcomes demonstrate both strong investor appetite and volatile market reactions [1].
Market Position of BNB
BNB remains one of the largest tokens by market capitalization. It is currently ranked fourth-largest by Cointelegraph, valued at about $120.3 billion. BNB's utility in paying transaction fees, enabling staking, and governance participation supports its selection as a reserve asset in treasury strategies [1].
Operational Plans
Operational plans for B Strategy's BNB treasury emphasize long-term holding and institutional custody. The firm aims to act as a bridge between US and Asian markets, providing Asian investors with access to US-listed treasury exposure while maintaining on-chain BNB reserves [1].
Steps B Strategy is Expected to Follow
B Strategy is expected to follow these steps:
1. Private Placement: Secure capital via a private placement into a US-listed partner company.
2. Capital Conversion: Listed company converts proceeds into BNB purchases.
3. Treasury Governance: Establish custody, reporting, and governance policies for long-term asset management.
4. Market Communication: Provide investor disclosures and periodic updates on holdings and strategy.
5. Regulatory Compliance: Maintain compliance with applicable securities and crypto regulations in relevant jurisdictions [1].
Conclusion
B Strategy's proposed $1 billion BNB treasury represents a continued trend of corporate treasuries using BNB as a strategic reserve. Backed by YZi Labs and modeled after recent initiatives like 10X Capital’s vehicle, this approach prioritizes long-term holding, cross-border investor access, and institutional governance. COINOTAG will update this report as capital commitments and regulatory developments are confirmed.
References
[1] https://en.coinotag.com/b-strategy-may-replicate-10x-capital-playbook-with-1-billion-bnb-treasury-backed-by-yzi-labs/
[2] https://www.ainvest.com/news/boxabl-acquires-10-bitcoin-part-treasury-reserve-strategy-2508/
[3] https://www.morningstar.com/news/globe-newswire/9517160/bitcoin-swift-announces-early-launch-on-august-30-amid-strong-presale-momentum
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