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Briefly
- BNB Network Company spent $ 160 million from its Treasury plan in the amount of $ 500 million to buy 200,000 BNB, becoming the largest corporate token carrier.
- This move is part of the shift towards the Ecosystem of the BNB chain, which the company says has 250 million users, but few US institutional exposure.
- The executives and analysts are divided into implications, and some call it a central moment for BNB and others warn of growing corporate control over Kripto.
BNB Network Company (BNC), Treasury Management Company in Nasdaq, CEA Industries, has listed $ 160 million to buy Binance’s BNB Token, buying 200,000 to ask for the title of the largest corporate owner on his native KRIPTO exchange.
The Nasdaq -Written Company ended significant acquisition Sunday after a $ 500 million in private placement Led by 10x Capital in partnership with Yzi Labs, a family office of Binancea co-founder Changpeng Zhao and Yi He.
Acquisition is a strategic shift toward BNB chain Growth, with the company aimed at the ecosystem, says it serves 250 million users, but lack a significant institutional presence in US markets.
The company took steps to perform its cryptocurrency with David Namar, co-founder of Galaxy Digital, joining as executive director, along with Russel Read, former CIO at Calpers and former Kraken director Saada Naj.
“I see it as a chain of the future,” Namdar previously said Decipher. “It could be a chain for the possibilities of AI and robotics; there are many different things that BNB can bring to the table.”
BCC shares, previously listed under the latitude of the cry, rose by 3.7% to $ 17.10 from Monday after trading between $ 16.00 and $ 18.75 during the session, states Google Finance.
Observers in the industry are divided into implications, and Anna Shekhawat, a global ecosystem on Aicale, calling it a “main moment” Bnb “From a useful token within the ecosystem of the ecosystem to the main asset of the Treasury classes.”
However, Kadan Stadelmann, Chief Technology Director on the Komodo Platform, offered a critical view, saying Decipher That “our corporate superiors are cooled by the crypto.”
“These are entities that will turn the crypt into the Bitcoin elite tool,” Stadelmann added, saying that, although the move was “in the short term, it is a teddy bear for everything that is presented once.”
Decipher He addressed BCC for comment.
The company plans to continue to deploy its initial treasure capital and can approach an additional $ 750 million through the order exercises, which potentially reaches $ 1.25 billion in total BNB purchase, the statement said on Sunday.
BNC also intends to explore the creation of revenue through activities and definal activities within the BNB ecosystem, stated.
When the company first announced its cash register plan last month, at one point, the shares suddenly jumped over 700%, pointing to a significant appetite on the market to present BNB through traditional capital markets.
Stadelmann added that “BNB will now be considered a safe investment for traditional finances”, which could attract more institutional adoption, but represents “consolidation from above”, not a true adoption of cryptocurrencies.
The fourth largest cryptocurrency is traded $ 823.23, which is 1.1% in the last 24 hours, according to Co ringecko.
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