Deep Tide TechFlow News, on August 11, listed company BNB Network Company (NASDAQ: BNC) announced the purchase of 200,000 BNB, with a transaction amount of approximately $160 million, making it the world's largest enterprise-level BNB holding institution. The company previously completed a $500 million private financing led by 10X Capital and established BNB as its primary reserve asset.

The company has completed a management restructuring, appointing Galaxy Digital co-founder David Namdar as CEO, and former CalPERS Chief Investment Officer Russell Read and former Kraken executive Saad Naja have joined the management team.