Binance coin is now trading at $813.70 with an increase of 1.46%; similarly, its market capitalization has reached $113.35 billion with a growth of 1.42%. The back-to-back surge in the price of BNB has sparked a fresh institutional interest and is now being opted for as a treasury asset by many publicly listed companies.
According to a press release dated August 10, 2025, BNB Network Company has announced buying 200,000 BNB tokens, making it one of the largest holders of Binance tokens globally. It is worth noting that the news of buying came following $500 million private placement primarily supported by 10x Capital and YZi Labs.
The release further notes that the primary use of $500 million capital will be to establish BNB as its main reserve asset. With this development, the leadership change has been seen with David Namdar, the co-founder of Galaxy Digital has joining as the Chief Executive Officer, with Russell Read and Saad Naja, the former director of Kraken.
Also, the founding partners of 10X Capital, Hans Thomas and Alexander Monje, have joined the board of directors at the BNB-focused company.
An overview of the Binance network and price
According to the data from DefiLlama, the TVL of the BSC chain is $7.164 billion, which grew by 2.05% in the past 24 hours, and the stablecoin market cap is $11.211 billion in the same frame. The fee of the BSC chain is $315,679.
In terms of TVL on the BSC chain, PancakeSwap stands at the top with a contribution of $1.919 billion, followed by Venus with a Total Value Locked of $1.912 billion, and Lista DAO has a TVL of $1.648 billion.
It is worth noting that Butter Network TVL grew by most in the past 7 days and past 30 days and has reached $553,392, followed by Timeless, Superfluid, and River.
Data available on TradingView states that BNB trading volume has reached $2.28 billion, with a contribution of $2,293,002,980 from centralized exchanges and only $4,785,954 from DEXs.
Yet intraday, the price of the Binance token has traded highest at $826.51 and lowest at $796.76. If the bulls remain committed, it is expected to soon surpass its all-time high of $859.56.
The market capitalisation of BNB has also experienced appreciable spikes with a surge of 8.19% in the week time frame and more than 17% in a month.
Both in prices and market capitalization, the BNB token is trading above its crucial EMAs, including 20-day, 50-day, 100-day, and 200-day.
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