BNB Network Company (NASDAQ: BNC) announced the purchase of 200,000 BNB for approximately $160 million, making it the world's largest enterprise BNB holder. The company previously completed a $500 million private placement led by 10X Capital and established BNB as a major reserve asset.
The company has completed a management reorganization, appointing Galaxy Digital co-founder David Namdar as CEO, and former California Public Employees' Retirement System (CalPERS) Chief Investment Officer Russell Read and former Kraken head Saad Naja to join the management team.
BNB Network Company Announces Purchase of 200,000 BNB for Approximately $160 million
2025-08-11 02:39:02
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