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BNB Network Company (BNC) purchased an additional 88,888 BNB tokens, according to a company statement. The acquisition follows a previous purchase of 200,000 BNB tokens made earlier this week.
BNC stated its goal to own 1% of BNB’s total supply by the end of 2025. The company describes itself as the treasury management business of CEA Industries Inc. and claims to be the largest corporate holder of BNB tokens.
"Our focus is singular and our ambition is clear," said David Namdar, CEO of BNC. "Every purchase strengthens our position, compounds our exposure, and brings us closer to becoming the benchmark institutional vehicle for BNB."
BNB serves as the native token of BNB Chain. The company noted that BNB Chain has $12 billion in total value locked within its ecosystem.
BNC operates with a single-asset focus on BNB tokens rather than maintaining a diversified digital asset portfolio. The company indicated that if its plan is executed, including potential warrant exercises that could provide up to $750 million in additional proceeds, BNC’s BNB position could exceed $1.25 billion.
The information was provided in a company press release statement.