BNC spends $160 million to buy 200,000 BNB, becoming top corporate owner

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BNC bought 200,000 BNB for $160 million, becoming the world’s largest corporate holder. It used funds from a $500 million raise and may invest up to $1.25 billion. The company said the deal turns BNC, formerly VAPE, into a crypto-focused treasury with BNB as its main reserve . It shows rising institutional interest in Binance Coin and ties BNC to one of the busiest blockchain ecosystems. BNC changes leaders to push new BNB plan The approach BNC took with its new Nasdaq ticker is an intentional o...