BNC Becomes Top BNB Holder with $160M Investment

• BNC has acquired 200,000 Binance Coin (BNB) tokens, becoming the largest corporate holder of the cryptocurrency.
• The company is allocating $1 billion for future investments in BNB as part of a bold crypto treasury strategy.

On August 11, 2025, GlobeNewswire reported that BNC, formerly BOTS, Inc., purchased 200,000 Binance Coin (BNB) tokens for $160 million. The transaction, financed by a $1 billion private placement, makes BNC the largest corporate holder of the cryptocurrency. The company plans to allocate up to $1 billion to BNB over time, a strategic shift that establishes BNB as the centerpiece of its crypto-focused treasury.

This pivot coincides with sweeping changes to BNC's leadership. David Namdar, a co-founder of Galaxy Digital and a cryptocurrency sector veteran, has taken the helm as Chairman of the Board. He joins Russell Read, the former Chief Investment Officer for the California Public Employees’ Retirement System (CalPERS), and Saad Naja, a former director at Kraken. This restructuring highlights BNC’s assertive approach to navigating the evolving digital asset landscape.

According to CoinGape on August 11, 10X Capital spearheaded the financing with support from YZi Labs. As part of this move, 10X Capital's Founding Partner Hans Thomas and Partner Alexander Monje have joined BNC's board of directors. Known for backing forward-thinking fintech and technology ventures, 10X Capital provides the strategic expertise essential for BNC’s ambitious crypto treasury agenda.

BNC's decision to prioritize BNB stems from the token’s deflationary model and increasing institutional adoption, as its issuer, Binance, routinely conducts token burns to decrease supply and increase scarcity. In July 2025, for example, Binance completed its 28th quarterly burn, removing 1.99 million BNB worth approximately $575 million from circulation. This feature strengthens BNB's position as a long-term investment, aligning with BNC's treasury strategy.

BNB’s robust ecosystem and institutional prominence also add to its appeal. As of August 2025, the BNB Chain holds a Total Value Locked (TVL) of $6.3 billion, making it the fourth-largest blockchain by TVL. The chain hosts decentralized finance (DeFi) protocols, gaming platforms, and NFT marketplaces, and this diverse utility solidifies its pivotal role in the broader cryptocurrency sphere.

By adopting BNB, BNC aims to broaden institutional access to the token, which is currently underrepresented in U.S. markets. Cointribune noted on August 11 the growing anticipation for a U.S.-listed BNB spot exchange-traded fund (ETF). Such a development would align with BNC’s goal to legitimize and institutionalize the asset.

According to CoinMarketCap on August 11, Binance Coin (BNB) was trading at $579.95 as of 14:00 UTC. This price reflected a 2.5% increase over the previous 24 hours. BNB’s price performance demonstrates its demand-driven growth, which is supported by institutional adoption trends and its pivotal role in the crypto economy.