BNB Network Company announced the purchase of 200,000 BNB, with a transaction amount of approximately 160 million USD

ChainCatcher news, publicly listed company BNB Network Company (NASDAQ: BNC) announced the purchase of 200,000 BNB, with a transaction amount of approximately $160 million, making it the largest enterprise-level BNB holding institution in the world. The company previously completed a $500 million private placement financing led by 10X Capital and established BNB as its primary reserve asset.

The company has completed a management restructuring, appointing Galaxy Digital co-founder David Namdar as CEO, and former CalPERS Chief Investment Officer Russell Read and former Kraken executive Saad Naja have joined the management team.