Nasdaq-listed company BNC announced it purchased 200,000 BNB for $160 million.

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Nasdaq-listed company BNC (formerly VAPE) announced the purchase of 200,000 BNB for $160 million, becoming the global corporate institution with the most BNB holdings. The acquisition funds came from a previous $500 million private placement led by 10X Capital and YZi Labs. BNC has completed executive restructuring, with David Namdar, co-founder of Galaxy Digital, serving as CEO. The company stated that it will continue to purchase BNB and may potentially increase its holdings to $1.25 billion through warrant structures.


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