#NASDAQ listened company,
#BNB Network Company (NASDAQ: BNC), has announced the purchase of 200,000 BNB, worth approximately $160 million, making it the world’s largest corporate holder of
$BNB .
Previously, the company completed a $500 million private fundraising round, led by 10 X Capital, and designated BNB as its primary reserve asset.
The company has also undergone a management restructuring, appointing David Namdar, co-founder of Galaxy Digital, as
#CEO. Russell Read, former Chief Investment Officer of the California Public Employees’ Retirement System (CalPERS), and Saad Naja, former executive at Kraken, have also joined the management team.
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