Recently, the reserve narrative surrounding Ethereum (ETH) and altcoins has continued to proliferate. While many altcoins have found their way into the reserves of major corporations, the latest news comes for Binance Coin (BNB). According to the official statement, BNC (formerly VAPE), traded on Nasdaq, announced that it has purchased $160 million worth of BNB. With this acquisition, BNB Network Company (BNC) became the largest BNB holder company globally. The acquisition was funded through a $500 million private placement led by 10X Capital and YZi Labs. BNC stated that it plans to continue accumulating BNB and said it has the potential to invest up to $1.25 billion through bond issuance. The company, which designated BNB as its primary reserve asset, said: “BNB is underrepresented in the US despite having 250 million users and an average daily trading volume of $9.3 billion as of July 2025. BNC aims to bridge this gap and bring more institutional assets into the BNB ecosystem.” Why BNB? The company stated that BNB has strong potential for further growth, stating that it ranks fourth by market capitalization and third by TVL. The company stated that potential catalysts such as deflationary token burns, increased on-chain activity, and the BNB spot ETF make BNB an attractive investment tool, adding that they see BNB not only as a strategic reserve but also as a growth opportunity. *This is not investment advice. Continue Reading: Nasdaq-Listed Company Makes Huge Purchase of This Altcoin! Becomes Market's Largest! "Purchases Will Continue!"
