The corporate race into crypto has just gotten hotter, starting with Bitcoin, then Ethereum, XRP, and now coming down to BNB. Nasdaq-listed company BNC (formerly VAPE) has announced a $160 million purchase of 200k BNB.
This huge purchase makes BNC the largest corporate holder of BNB in the world. Following the news, the BNB price jumped to $819, marking an 8% gain in just a week.
According to Companies Press Releases, Nasdaq-listed BNB Network Company (BNC) — formerly known as VAPE, has made a bold entry into the Binance ecosystem, spending $160 million to buy 200,000 BNB tokens.
This wasn’t just a casual market buy. The purchase was backed by a $500 million private funding round led by 10X Capital and YZi Labs, signaling strong confidence from heavyweight investors.
While many public companies are still experimenting with Bitcoin or Ethereum, BNC has gone straight for a high-stakes bet on BNB, a token deeply tied to the Binance ecosystem.
BNC isn’t stopping here. With its warrant structure, it could boost its BNB investment to $1.25 billion, gaining huge influence over corporate holdings. If they follow through, that would put the company in a position of massive influence over BNB’s corporate ownership.
If more corporations follow this path, BNB could move from being primarily an exchange utility token to a recognized strategic asset for big institutions.
BNB’s market momentum has been undeniable. The token price has climbed 18% over the past month, trading between $750 and $838 in the last week.
Meanwhile, the Relative Strength Index (RSI) is at 65.88, suggesting more room for growth before hitting overbought territory.
However, technical analysis suggests that breaking above $825 could send prices to $850–$875
On the flip side, if resistance holds, prices may drop to $790, with $750 as strong support
BNB surged 8% to $819 after Nasdaq-listed BNC purchased 200K BNB ($160M), becoming the largest corporate holder and signaling institutional confidence.
Analysts see upside to $850-$875 if BNB breaks $825 resistance (RSI 65.88), with $790 as key support. 18% monthly gains show strong momentum.
Yes – BNC plans to invest up to $1.25B total, potentially sparking institutional adoption similar to Bitcoin’s treasury movement in 2020-2024.
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