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

Golden Finance reports that the publicly listed company BNB Network Company (Nasdaq stock code: BNC) has announced the purchase of 200,000 BNB, with a transaction amount of approximately $160 million, making it the world’s largest enterprise-level BNB holding institution. The company previously completed a $500 million private sale financing led by 10X Capital and established BNB as its primary reserve asset. The company has completed a management restructuring, appointing David Namdar, co-founder of Galaxy Digital, as CEO, and bringing former CalPERS Chief Investment Officer Russell Read and former Kraken executive Saad Naja into the management team.