The post BNC Buys $160 Million BNB Token, Becomes World’s Largest Corporate Holder appeared first on Coinpedia Fintech News
The corporate race into crypto has just gotten hotter, starting with Bitcoin, then Ethereum, XRP, and now coming down to BNB. Nasdaq-listed company BNC (formerly VAPE) has announced a $160 million purchase of 200k BNB.
This huge purchase makes BNC the largest corporate holder of BNB in the world. Following the news, the BNB price jumped to $819, marking an 8% gain in just a week.
From VAPE to Crypto Power Player
According to Wu Blockchain, Nasdaq-listed BNB Network Company (BNC) — formerly known as VAPE, has made a bold entry into the Binance ecosystem, spending $160 million to buy 200,000 BNB tokens.
This wasn’t just a casual market buy. The purchase was backed by a $500 million private funding round led by 10X Capital and YZi Labs, signaling strong confidence from heavyweight investors.
While many public companies are still experimenting with Bitcoin or Ethereum, BNC has gone straight for a high-stakes bet on BNB, a token deeply tied to the Binance ecosystem.
Plans to Keep Buying
BNC isn’t stopping here. With its warrant structure, it could boost its BNB investment to $1.25 billion, gaining huge influence over corporate holdings. If they follow through, that would put the company in a position of massive influence over BNB’s corporate ownership.
If more corporations follow this path, BNB could move from being primarily an exchange utility token to a recognized strategic asset for big institutions.
Impact on BNB Price
BNB’s market momentum has been undeniable. The token price has climbed 18% over the past month, trading between $750 and $838 in the last week.
Meanwhile, the Relative Strength Index (RSI) is at 65.88, suggesting more room for growth before hitting overbought territory.
However, technical analysis suggests that breaking above $825 could send prices to $850–$875
On the flip side, if resistance holds, prices may drop to $790, with $750 as strong support
The post BNC Buys $160 Million BNB Token, Becomes World’s Largest Corporate Holder appeared first on Coinpedia Fintech News
The corporate race into crypto has just gotten hotter, starting with Bitcoin, then Ethereum, XRP, and now coming down to BNB. Nasdaq-listed company BNC (formerly VAPE) has announced a $160 million purchase of 200k BNB. This huge purchase makes BNC the largest corporate holder of BNB in the world. Following the news, the BNB price …
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.