BNB Network Company (BNC) has bought 200,000 tokens of BNB for the price of $160 million. The acquisition elevates BNC as the biggest corporate holder of Binance Coin in the world. The transaction is after a $500 million privately offered undertaking headed by 10X Capital and YZi Labs. This decision has seen BNC choose Binance Coin as the main treasury asset.
Binance Coin has become the main reserve base of the company. Among the changes in this transformation, BNC realized important shifts in management. Co-founder of Galaxy Digital David Namdar was appointed to its chief executive. It has recruited Russell Read, who was the former CIO at CalPERS, and Saad Naja, who served as the former director at Kraken.
BNC has made the purchase because a trend of corporate Binance Coin adoption is rising. Nano Labs did this in July, purchasing 74,315 BNB worth $50 million of it. The accumulation strategy of the company is to take up to 5% to 10% of the circulating supply of BNB, having a future reimbursement value of 1 billion dollars. Windtree Therapeutics is also a company that joins the trend with financing of up to $520 million to purchase BNB.
Also Read: BNB’s $105 Billion Market Cap and 12% YTD Growth Power Its Crypto Dominance
Nano Labs will implement its platform strategy through the convertible notes and the process of the privately funded placements. The one-billion-dollar plan targets to increase the interest of Binance Coin in the company with time.
The 99% of proceeds that Windtree Therapeutics invested in pursuit of Binance Coin were also spent in purchasing the same. This model demonstrates the trend in diversification of business assets into cryptocurrencies other than Bitcoin, such as Binance Coin.
During July 2025, the price of the token reached its all-time peak of $861.2. This increased the market capitalization of the token to $119 billion, higher than that of Nike.
Within a month, BNB had increased by 31.47%, and the volume of its trading had risen by 98%. This price spike translates to the increased corporate interest and a wider usage of Binance Coin.
Other crypto investments are being diversified by public companies. Although Bitcoin (BTC) continues to take the lead, Ethereum (ETH), Solana (SOL), and Binance Coin are getting popular. According to a recent report by Animoca Brands Research, altcoin adoption is growing.
Companies that announced their altcoin ownership have witnessed 150% daily, 185% weekly, and 226% monthly runs on the stock. This is the trend that illustrates the shift in management of assets by companies.
BNB Chain has demonstrated good performance in blockchain metrics. It was the volume leader in decentralized exchange (DEX) in July, posting a volume of $5.06 billion in transactions.
Since the Binance Coin reached new heights, the wealth of Changpeng Zhao (CZ) has skyrocketed. Zhao is currently worth seventy-five billion dollars; he shares sixty-four percent of the circulating supply of Binance Coin.
Source: Forbes
CZ is one of the 25 richest people in the world with a 90% stake in Binance worth 35 billion dollars. Another of the improvements that will be made by the platform is its infrastructure, which is slated to reach 20,000 transactions per second by 2026.
Also Read: BNB Eyes $860 Amid Market Recovery and Surge in On-Chain Metrics