Nasdaq-Listed BNC Expands BNB Treasury, Targets 1% Token Supply

BNB Network Company (Nasdaq: BNC) has established itself as the biggest corporate Binance Coin (BNB) treasury in the world. The company stated that it has purchased another 38,888 BNB, which is worth close to $33 million. With this move, the firm has expanded its BNB holdings to 388,888 tokens, now worth about $330 million.

BNC Targets 1% BNB Supply with Expanding Treasury

According to a press release, the company has set a bold target of controlling 1% of BNB’s total supply by the end of 2025. The implementation of this objective would turn BNB Network Company into one of the most powerful corporations in the digital asset industry.

Its BNB treasury would be an example that other firms can copy. The action highlights the fact that BNB is increasingly becoming one of the central reserve assets in the Web3.

The news is announced at a time when the Binance Coin price eyes $1,000. The rise in the price of the token indicates the continual increase in its popularity.

The press release states that the network has become the most popular blockchain in terms of daily active users and decentralized trading volume. By having over $12 billion flowing through its DeFi ecosystem, and with a deflationary supply strategy, BNB demonstrates favorable long-term growth fundamentals.

CEO of BNC David Namdar stated that the company has complete belief in its strategy. Namdar said BNB is the most compelling digital asset with massive, under-recognized potential. In addition, he explained that every purchase strengthens the company’s BNB treasury and brings the firm closer to its ambitious target of owning 1% of all BNB in circulation.

CZ Endorses Growth as BNC Targets $1.25B BNB Treasury

Binance founder Changpeng Zhao (CZ) also welcomed the news, stressing that growing corporate BNB treasuries show how institutions now recognize BNB as a reserve asset. CZ stated that the adoption beyond exchanges indicates how BNB is becoming more popular across the decentralized finance sector and for payment settlement purposes. His remarks highlight the institutional backing that aligns with the growing BNB ecosystem.

As a company, it has placed a specific emphasis in developing its BNB treasury. The company focuses on BNB (unlike other companies that diversify by holding several other tokens). A similar move, such as B Strategy’s $1 billion BNB treasury launch, show how treasuries dedicated solely to BNB are emerging.

This plan provides a distinct advantage to influence the network positively and maximize on-chain returns. Also, it is directly aligned with the expansion of the BNB ecosystem.

If the firm executes its plan, including warrants that could yield $750 million in proceeds. The worth of its resulting BNB treasury could exceed 1.25 billion.

The asset is gaining ground as a transaction token and a store of value in decentralized applications. The development of a BNB treasury fits a trend among public companies that continue to buy digital assets to have a competitive advantage.