10X Capital Launches BNB Treasury Company Backed by YZi Labs

Key Points

1. 10X Capital's BNB Treasury Company focuses on public listing on a major U.S. stock exchange, offering American investors access to BNB, the fourth-largest digital asset by market cap.

2. The initiative targets BNB's $92 billion market cap and leverages Binance's ecosystem, with leadership including digital assets veteran David Namdar and former CIO Russell Read.

3. Nano Labs acquired 74,315 BNB tokens at $672.45 per coin, planning to control 5-10% of BNB's circulating supply, and aims to follow MicroStrategy's corporate Bitcoin strategy.

4. Corporate treasury strategies are expanding beyond Bitcoin, with Nano Labs stockpiling BNB and GameSquare announcing a $100 million Ethereum strategy targeting 8-14% yields.

5. BNB Chain's Maxwell upgrade reduced block times to 0.75 seconds, improving transaction efficiency while maintaining security.