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@BitlayerLabs Bitlayer is a Layer2 scaling solution based on the Bitcoin network, aimed at expanding its applications in decentralized applications (DApp), smart contracts, and other areas by enhancing the throughput and functionality of the Bitcoin network, while maintaining the security and decentralization characteristics of Bitcoin.
BNC throws $160 million to acquire BNB, becoming the world's largest corporate holder of BNB, reigniting the craze for the stock-token concept!
BNB Network Company (NASDAQ: BNC) announced the purchase of 200,000 BNB (approximately $160 million), making it the world's largest corporate holder of BNB! This move stems from a $500 million private placement led by 10X Capital and YZi Labs, with BNC positioning BNB as a core reserve asset, strongly laying out the 'stock-token' concept—an innovative investment model that combines cryptocurrency with the traditional stock market.
As the world's fourth-largest cryptocurrency, BNB boasts 250 million users, a daily trading volume of $9.3 billion, and a total locked value of $12.3 billion on-chain, ranking third. Its deflationary mechanism, thriving Web3 ecosystem, and the potential prospects of BNB spot ETFs make it an ideal target for stock-token investment.
BNC plans to deploy up to $1.25 billion to continue increasing its holdings of BNB, providing institutional-level BNB exposure for investors in the U.S. and globally. This stock-token strategy not only enhances institutional recognition of BNB but will also drive its application boom in global markets, leading the new trend of integration between cryptocurrency and traditional finance!
Join us with #BinanceTurns8 for the #BinanceTurns8 celebration event and share a total of up to $888,888 worth of BNB! https://www.marketwebb.red/activity/binance-turns-8?ref=GRO_19600_B5T1J