US-listed company BNC acquires $1.6 billion worth of BNB, becoming the world's largest holder
Uk Jin
Summary
- US Nasdaq-listed company BNC reportedly purchased around $1.6 billion worth of Binance Coin (BNB), becoming the world's largest holder.
- BNC secured the purchase funds through a $500 million private placement and announced plans to designate the acquired Binance Coin as a long-term holding asset.
- BNC also revealed plans to make an additional investment of up to $1.25 billion by leveraging a warrant structure.
US Nasdaq-listed company BNC (formerly VAPE) has become the world's largest holder of Binance Coin (BNB).
On the 11th (Korean time), Wu Blockchain reported that BNC purchased 200,000 Binance Coins worth $160 million (approximately ₩220 billion). BNC secured the funds for this purchase through a $500 million private placement, with the investment led by 10x Capital and Easy Labs.
With this transaction, the company plans to classify the acquired Binance Coin as a long-term holding asset, while also planning to invest up to an additional $1.25 billion (about ₩1.7 trillion) utilizing a warrant structure.
Meanwhile, as of 12:40 p.m. on the same day, Binance Coin is trading at $818.65, up 0.84% from the previous day.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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