BNC Makes $160M BNB Bet, Becomes Largest BNB Treasury Globally
BNB Network Company (Nasdaq: BNC) has announced a major strategic shift by purchasing 200,000 BNB tokens worth $160 million, becoming the world's largest corporate BNB holder. The company, formerly known as VAPE, completed a $500 million private placement led by 10X Capital and YZi Labs to fund its BNB-focused treasury strategy.
The company has undergone significant leadership changes, appointing David Namdar as CEO, alongside former CalPERS CIO Russell Read and ex-Kraken director Saad Naja. BNC plans to continue acquiring BNB, with potential access to $750 million more through warrants, potentially bringing total investment capacity to $1.25 billion.
BNB Network Company (Nasdaq: BNC) ha annunciato un importante cambio strategico acquistando 200.000 token BNB per un valore di 160 milioni di dollari, diventando il pi霉 grande detentore corporativo di BNB al mondo. La societ脿, precedentemente nota come VAPE, ha completato un collocamento privato da 500 milioni di dollari guidato da 10X Capital e YZi Labs per finanziare la sua strategia di tesoreria incentrata su BNB.
L'azienda ha inoltre operato rilevanti cambiamenti nella leadership, nominando David Namdar come CEO e inserendo nelle file manager come l'ex CIO di CalPERS Russell Read e l'ex direttore di Kraken Saad Naja. BNC intende proseguire nell'acquisto di BNB, con un possibile accesso a altri 750 milioni di dollari tramite warrant, portando potenzialmente la capacit脿 d'investimento totale a 1,25 miliardi di dollari.
BNB Network Company (Nasdaq: BNC) ha anunciado un importante giro estrat茅gico al comprar 200.000 tokens BNB por un valor de 160 millones de d贸lares, convirti茅ndose en el mayor poseedor corporativo de BNB del mundo. La compa帽铆a, anteriormente conocida como VAPE, complet贸 una colocaci贸n privada de 500 millones de d贸lares liderada por 10X Capital y YZi Labs para financiar su estrategia de tesorer铆a centrada en BNB.
La empresa ha realizado cambios significativos en su liderazgo, nombrando a David Namdar como CEO, junto con el ex CIO de CalPERS Russell Read y el exdirector de Kraken Saad Naja. BNC planea seguir adquiriendo BNB, con acceso potencial a 750 millones de d贸lares adicionales mediante warrants, lo que podr铆a llevar la capacidad total de inversi贸n a 1.250 millones de d贸lares.
BNB Network Company (Nasdaq: BNC)电� 1鞏� 6觳滊 雼煬 攴滊鞚� 200,000 BNB 韱犿伆鞚� 毵れ瀰頃� 靹戈硠 斓滊寑鞚� 旮办梾 BNB 氤挫湢鞛愱皜 霅橃棃雼り碃 氚滍憸頄堨姷雼堧嫟. 鞚挫爠 氇呾弓鞚� VAPE鞓�鞙茧┌, BNB 欷戩嫭鞚� 鞛 鞝勲灥鞚� 歆�鞗愴晿旮� 鞙勴暣 10X Capital瓿� YZi Labs臧� 欤茧弰頃� 5鞏� 雼煬 攴滊鞚� 靷 氚滍枆鞚� 鞕勲頄堨姷雼堧嫟.
須岇偓电� 鞛勳洂歆勳棎霃� 韥� 氤�頇旊ゼ 欤检柎 David Namdar毳� CEO搿� 鞛勲獏頃橁碃 鞝� CalPERS CIO鞚� Russell Read鞕� 鞝� Kraken 鞚挫偓 Saad Naja毳� 鞓侅瀰頄堨姷雼堧嫟. BNC电� BNB 於旉皜 毵れ瀰鞚� 瓿勳啀頃� 瓿勴殟鞚措┌, 鞗岆煱韸鸽ゼ 韱淀暣 於旉皜搿� 7鞏�5觳滊 雼煬鞐� 鞝戧芳頃� 靾� 鞛堨柎 齑� 韴瀽 鞐牓鞚� 12鞏�5觳滊 雼煬鞐� 鞚措ゼ 靾� 鞛堨姷雼堧嫟.
BNB Network Company (Nasdaq: BNC) a annonc茅 une importante r茅orientation strat茅gique en achetant 200 000 jetons BNB d'une valeur de 160 millions de dollars, devenant ainsi le plus grand d茅tenteur corporatif de BNB au monde. La soci茅t茅, anciennement connue sous le nom de VAPE, a finalis茅 un placement priv茅 de 500 millions de dollars men茅 par 10X Capital et YZi Labs pour financer sa strat茅gie de tr茅sorerie ax茅e sur le BNB.
L'entreprise a proc茅d茅 脿 des changements significatifs 脿 la direction, nommant David Namdar au poste de CEO, aux c么t茅s de l'ancien CIO de CalPERS Russell Read et de l'ex-directeur de Kraken Saad Naja. BNC pr茅voit de poursuivre ses acquisitions de BNB, avec un acc猫s potentiel 脿 750 millions de dollars suppl茅mentaires via des bons de souscription (warrants), ce qui pourrait porter sa capacit茅 d'investissement totale 脿 1,25 milliard de dollars.
BNB Network Company (Nasdaq: BNC) hat einen bedeutenden Strategiewechsel angek眉ndigt und 200.000 BNB-Token im Wert von 160 Millionen US-Dollar erworben, womit das Unternehmen zum weltweit gr枚脽ten Unternehmensinhaber von BNB geworden ist. Die Gesellschaft, zuvor unter dem Namen VAPE bekannt, schloss eine Privatplatzierung 眉ber 500 Millionen US-Dollar ab, die von 10X Capital und YZi Labs angef眉hrt wurde, um ihre auf BNB ausgerichtete Treasury-Strategie zu finanzieren.
Es gab zudem erhebliche Ver盲nderungen in der F眉hrung: David Namdar wurde zum CEO ernannt, hinzu kommen ehemalige F眉hrungskr盲fte wie der fr眉here CalPERS-CIO Russell Read und der Ex-Kraken-Direktor Saad Naja. BNC plant, weiterhin BNB zu erwerben, und k枚nnte durch Warrants auf weitere 750 Millionen US-Dollar zugreifen, wodurch die gesamte Investitionskapazit盲t potenziell 1,25 Milliarden US-Dollar erreichen w眉rde.
- Secured $500 million private placement funding for BNB treasury strategy
- Potential access to additional $750 million through warrant structure
- Strategic positioning in BNB ecosystem with 250 million users and $9.3B daily trading volume
- Strong leadership team with crypto and institutional investment experience
- First-mover advantage as largest institutional BNB treasury globally
- High concentration risk with single-asset (BNB) treasury strategy
- Significant exposure to crypto market volatility
- Complete business model pivot creating operational transition risks
Insights
BNC's $160M BNB acquisition signals major institutional entry into the BNB ecosystem, establishing the first major corporate BNB treasury.
BNB Network Company (Nasdaq: BNC) has executed a $160 million purchase of 200,000 BNB tokens, positioning itself as the largest corporate BNB holder globally. This strategic acquisition follows a substantial
The company has undergone significant leadership restructuring to support this crypto-first approach, bringing in heavyweight talent including David Namdar (Galaxy Digital co-founder) as CEO, Russell Read (former CalPERS CIO), and Saad Naja (former Kraken director). This executive team brings substantial institutional cryptocurrency experience to guide BNC's new direction.
BNC's selection of BNB is strategically calculated. As the native token of BNB Chain, BNB currently ranks as the fourth-largest cryptocurrency by market capitalization with
This move represents more than just treasury diversification鈥攊t creates the first significant institutional bridge between traditional financial markets and the BNB ecosystem. With 250 million users and
Looking ahead, BNC plans continued BNB acquisitions and may access up to
NEW YORK, Aug. 10, 2025 (GLOBE NEWSWIRE) -- BNB Network Company, the treasury management business of CEA Industries Inc. (Nasdaq: BNC), today announced the purchase of 200,000 $BNB tokens, making it the largest corporate holder of BNB globally. This acquisition follows a landmark
A Strategic Pivot to BNB
Under its new Nasdaq ticker, BNC (formerly VAPE) is steering its treasury management to focus solely on building significant exposure to BNB.
Leadership has been restructured to support this crypto-first strategy: David Namdar, co-founder of Galaxy Digital, steps in as CEO, joined by Russell Read, former CIO at CalPERS, and former Kraken director Saad Naja.
10X Capital Founding Partner Hans Thomas and Partner Alexander Monje have also joined the company鈥檚 Board of Directors.
Why BNB
BNB, the native token of BNB Chain鈥攈ome to one of the most active Web3 developer and user communities鈥攊s currently the fourth-largest cryptocurrency by market capitalization. With
Deflationary token burns, increasing on-chain activity, and potential catalysts such as a BNB spot ETF make the asset a compelling long-term play. For BNC, BNB is not just a strategic reserve鈥攊t鈥檚 a growth opportunity aligned with one of the strongest ecosystems in the industry.
Why This Matters
The
BNB boasts 250 million users and an average daily trading volume of
BNC aims to bridge that gap, bringing greater institutional presence to the BNB ecosystem.
What鈥檚 Next
BNC plans to continue purchasing BNB until the initial treasury capital is fully deployed and may tap up to
This positions BNC to capture a unique market opportunity鈥攐ffering U.S. and global investors exposure to BNB without requiring them to hold the token directly.
By securing
About YZi Labs
YZi Labs manages over
About 10X Capital
10X Capital is a next-generation investment firm driving digital transformation in assets and infrastructure. It connects institutional capital with exceptional opportunities worldwide through public and private markets, portfolio companies, treasury operations, and an affiliated investment bank. With expertise in corporate development, asset and treasury management, and capital markets, 10X Capital builds Digital Asset Treasury companies that create disruptive strategies with global impact. Follow 10X Capital on X for more.
About BNC
BNC (Nasdaq: BNC) is a publicly traded company dedicated to building and managing the world鈥檚 largest corporate treasury of Binance Coin (BNB). BNC offers investors institutional-grade exposure to BNB.
Media Contacts:
| CEA Industries | Sarah May | [email protected] |
FAQ
How much BNB did BNC (Nasdaq: BNC) purchase in August 2025?
What is the total potential investment capacity for BNC's BNB treasury strategy?
Who are the key executives leading BNC's new crypto strategy?
Why did BNC choose BNB for its treasury strategy?
What was BNC's previous company name and ticker symbol?
