news 
Title: BNC Becomes World’s Largest Corporate BNB Holder
Nasdaq-listed BNC, previously known as VAPE, has taken a significant step forward by purchasing 200,000 BNB tokens worth $160 million. This monumental transaction has catapulted the company to the position of the world’s largest corporate holder of Binance Coin (BNB). The funding for this substantial purchase was secured through a private placement led by 10X Capital and YZi Labs, amounting to $500 million.
In an unprecedented move, BNC has decided to focus its treasury strategy entirely on BNB. This strategic decision is aimed at strengthening institutional exposure to the Binance Coin ecosystem. The company’s plans do not stop here; it intends to increase its investment in BNB, with potential allocations reaching up to $1.25 billion through warrants.
This monumental transaction marks a significant milestone for both BNC and the cryptocurrency market as a whole. It is essential to note that this news will likely have far-reaching implications on the global financial landscape.
Source: coinpedia.org
