NASDAQ-listed company BNC (formerly VAPE) announced the purchase of 200,000 BNB for $160 million, becoming the company with the largest BNB holdings in the world. The acquisition funds come from a previous $500 million private placement led by 10X Capital and YZi Labs. BNC has completed an executive restructuring, with Galaxy Digital co-founder David Namdar serving as CEO. The company stated that it will continue to purchase BNB and may increase this to $1.25 billion through a rights offering structure.