BNC Purchases 200K BNB Tokens, Causing Token's Price to Spike to $819 on Nasdaq
BNC (formerly VAPE, NASDAQ: BNC), a global company known for its previous work in the vaping industry, has made a significant entry into the crypto space with a purchase of approximately $160 million worth of BNB tokens, making it the world's largest corporate holder of BNB as of August 10, 2025.
The investment was backed by a $500 million private funding round led by 10X Capital and YZi Labs. This move is part of BNC's strategic reorientation towards capital management with a focus on BNB, accompanied by management restructuring that included the appointment of David Namdar as CEO.
BNC's decision to invest in BNB reflects confidence in the token's role as a major Web3 asset with strong potential for appreciation. This is supported by its deflationary burn mechanism and active ecosystem development.
The impact of BNC's investment on the BNB market is part of a broader trend of corporate and institutional adoption. Several publicly listed companies and sovereign investors like Bhutan’s Druk Holding & Investments have also increased their BNB holdings. This rising adoption has contributed to BNB's resilience and relative stability in 2025, with it experiencing the shallowest drawdown among major altcoins and maintaining a leading market capitalization position.
Market forecasts anticipate BNB's price to continue rising in 2025, potentially reaching upwards of $1,600 per token, supported by increasing blockchain adoption, rising institutional interest, and potential regulatory clarity.
Following the purchase, the price of BNB tokens increased to $819. Technical analysis suggests that breaking above $825 could drive prices to $850-$875. If resistance holds, prices may drop to $790, with $750 as strong support.
If successful, BNC could gain massive influence over corporate holdings of BNB. This could potentially transform BNB from an exchange utility token to a strategic asset for big institutions. The move by BNC could potentially influence other corporations to invest in cryptocurrencies, consolidating BNB’s status in the crypto market as a "blue-chip" digital asset and a preferred choice for strategic corporate reserves.
Sources:
[1] BNC Press Release (2025) [2] CoinDesk (2025) [3] Binance Blog (2025) [4] The Block (2025) [5] Bloomberg (2025)
BNC's acquisition of $160 million worth of BNB tokens signifies a substantial entry of the company into the cryptocurrency market, making them the world's largest corporate holder of BNB. This strategic move towards capital management, focus on BNB, and leadership reshuffle, spearheaded by David Namdar as CEO, reflects confidence in BNB's potential as a major Web3 asset with a deflationary burn mechanism and active ecosystem development. As more companies like Bhutan’s Druk Holding & Investments increase their BNB holdings, the growing corporate and institutional adoption of BNB has contributed to its resilience and relative stability, with market forecasts anticipating its price to reach upwards of $1,600 per token in 2025. This trend could potentially transform BNB from an exchange utility token to a strategic asset for big institutions, possibly inspiring other corporations to follow suit and consolidate BNB’s status as a "blue-chip" digital asset in the crypto market.
