BNB Network Company announced the purchase of 200,000 BNB with a transaction value of about US$160 million
TechFlame
2025-08-11 02:36
TechFlame2025-08-11 02:36
English
TechFlame reports that the listed company BNB Network Company (NASDAQ: BNC) announced the purchase of 200,000 BNB with a transaction amount of about 160 million US dollars, making it the world's largest enterprise-level BNB holder. The company previously completed a $500 million private equity round led by 10X Capital and established BNB as the main reserve asset.
The company has completed a management restructuring and appointed David Namdar, co-founder of Galaxy Digital, as CEO. Russell Read, former chief investment officer of the California Civil Service Pension Fund (CalPERS), and Saad Naja, former head of Kraken, joined the management team.