BNC Increases BNB holdings to 325,000 tokens
BNB Network Company (BNC) announced it has expanded its BNB token holdings to 325,000 tokens, representing an increase of 125,000 from its initial purchase of 200,000 tokens, according to a company statement.
The treasury management business of CEA Industries Inc. describes itself as operating the world’s largest BNB treasury. BNB is the native token of the BNB Chain blockchain network.
"Reaching 325,000 BNB in our treasury is a powerful statement about where we see the future heading," said David Namdar, CEO of BNC. "BNB has proven itself to be a cornerstone of the crypto economy, and BNC is proud to play a role in advancing its global adoption."
BNC states it provides institutional-grade exposure to BNB tokens for investors. The company’s business model focuses on accumulating and managing corporate treasury holdings of Binance Coin.
The expansion follows the company’s previously announced BNB accumulation strategy. BNC indicated it plans to continue scaling its holdings and introduce new structures aimed at delivering value to shareholders.
BNC trades on the Nasdaq exchange under the ticker symbol BNC. The company positions itself as offering investors exposure to the BNB ecosystem through its treasury management approach.
