Crypto Treasury Firm Begins Deploying $500M War Chest to Buy BNB
BNB Network Company (BNC), the treasury management firm of Nasdaq-listed CEA Industries, has poured $160 million to acquire Binance’s BNB token, purchasing 200,000 to claim the title of world’s largest corporate holder of the exchange’s native crypto. The Nasdaq-listed company completed the substantial acquisition Sunday following a $500 million private placement led by 10X Capital