BNB Network Company now holds the largest corporate BNB reserve after a $160 million purchase in private placement.
Corporate demand for BNB is growing fast with firms planning billion-dollar accumulation strategies for long-term holdings.
BNB reached a record $861.2 in July and its market cap surpassed Nike as trading volumes nearly doubled.
BNB Network Company (BNC) has purchased 200,000 BNB tokens for $160 million. The acquisition makes it the world’s largest corporate holder of Binance Coin. The purchase followed a $500 million private placement led by 10X Capital and YZi Labs.
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The Nasdaq-listed firm has shifted to a crypto-first treasury model. It will use BNB as its primary reserve asset. Leadership changes support this shift. David Namdar, co-founder of Galaxy Digital, became CEO. Russell Read, former CalPERS CIO, joined alongside Saad Naja, a former Kraken director. Hans Thomas and Alexander Monje from 10X Capital joined the board.
Corporate Adoption of BNB Accelerates in 2025
The acquisition follows a surge in corporate demand for BNB. In July, Nano Labs bought 74,315 BNB for $50 million at an average of $672.45. The Hong Kong-listed company plans to control up to 10% of BNB’s supply through a $1 billion accumulation strategy.
Windtree Therapeutics also secured up to $520 million to create one of the largest corporate BNB treasuries. Shareholders approved allocating 99% of proceeds to BNB purchases. Build and Build Corp is seeking $100 million for BNB accumulation. The structure targets institutions wanting exposure to Binance’s ecosystem without direct token holdings.
BNB Reaches Record Valuation and Market Milestones
BNB hit a new all-time high of $861.2 in July. Its market capitalization rose to $119 billion, surpassing Nike’s $112 billion. Trading volume surged 98%, reaching $3.85 billion daily. The token gained 31.47% during the month.
BNB Chain led all blockchains in decentralized exchange volume on July 28 with $5.06 billion. This outpaced Ethereum’s $3.54 billion and Solana’s $2.217 billion. The network generated $3.96 million in application revenue, exceeding Ethereum’s $2.39 million.
Altcoin Treasury Strategies Gain Ground
Public companies are diversifying crypto reserves beyond Bitcoin. Animoca Brands Research reported strong market reactions. Firms revealing altcoin holdings saw stock prices rise an average of 150% in one day.
SharpLink Gaming became the largest corporate Ethereum holder with 144,501 ETH worth $515 million. BIT Mining is raising up to $300 million for a Solana treasury. DeFi Development Corp purchased $2.7 million worth of SOL. Sol Strategies in Canada holds over 420,000 SOL and filed for a Nasdaq listing. Bitcoin dominance fell from 64.5% in June to 59% in August. This shift has strengthened the altcoin treasury movement.
