BNC Acquires 88,888 BNB Tokens to Achieve 1% Ownership Supply Target

According to the company's statement, BNB Network Company (BNC) has purchased an additional 88,888 BNB tokens. This acquisition follows another initiative earlier this week where 200,000 BNB tokens were purchased.

BNC stated that its goal is to own 1% of the total supply of BNB by the end of 2025. The company claims to be the asset management business of CEA Industries Inc. and asserts that it is the largest corporate holder of BNB tokens.

BNC CEO David Namdar stated, "Our focus is very clear, and our goals are very clear. Every purchase will solidify our position, increase our visibility, and bring us closer to becoming the benchmark institutional investment tool for BNB."

BNB is the native token of the BNB Chain. The company noted that the total value locked within the BNB Chain ecosystem reaches $12 billion.

BNC's operations focus on a single asset, concentrating on BNB tokens instead of maintaining a diversified digital asset portfolio. The company indicated that if its plans are executed, including potential warrant exercises that could bring up to $750 million in additional revenue, BNC's BNB holdings could exceed $1.25 billion.