💰NASDAQ-listed company #BNC announces the purchase of 200,000 $BNB, valued at approximately $160 million. The listed company BNB Network Company (NASDAQ: BNC) announced the acquisition of 200,000 BNB, with a transaction amount of about $160 million, making it the largest institutional holder of BNB globally. The company previously completed a $500 million private placement led by 10 X 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, with former CalPERS Chief Investment Officer Russell Read and former Kraken executive Saad Naja joining the management team.