BNC Becomes Top Corporate BNB Holder With $160 Million Deal

- BNC secures the largest BNB corporate stake with a $160 million purchase. - The crypto firm plans up to $1.25 billion in future BNB investments. BNC, formerly known as VAPE, purchased 200,000 BNB tokens for $160 million, making it the largest corporate holder of Binance Coin (BNB). This bold investment marks a major step in BNC’s transition to a cryptocurrency-focused treasury, as the company will now use Binance Coin as its primary reserve asset. The move also signals growing institutional confidence in the Binance ecosystem and its market influence. On August 11, 2025, Cointribune reported that the transaction was funded through a $500 million private placement led by investment firms 10X Capital and YZi Labs. Looking ahead, BNC plans to allocate up to an additional $1.25 billion into BNB over time, solidifying its commitment to the asset’s long-term potential and strategic value. To complement this pivot, BNC strengthened its leadership team with several high-profile appointments. David Namdar, co-founder of Galaxy Digital, was appointed CEO, bringing deep expertise in cryptocurrency investments. In addition, Russell Read, former Chief Investment Officer of the California Public Employees’ Retirement System (CalPERS), joined the executive team. BNC also added key figures from 10X Capital, Hans Thomas and Alexander Monje, to its board of directors, further reinforcing the firm’s institutional foundation. BNC is positioning itself within a regulatory-compliant framework, aiming to create structured opportunities for U.S. institutional investors to gain exposure to BNB. This strategic shift coincides with the growing adoption of Binance Coin in decentralized applications, and BNC has emphasized that the asset's deflationary tokenomics are a pivotal factor in driving long-term investor confidence. According to CoinMarketCap, Binance Coin (BNB) was trading at $805.18 as of 20:09 UTC on August 11, reflecting a 0.23% increase in 24-hour trading volume.