BNC Buy $160M for BNB, Dey Aim for $1.25B Holdings
BNC, wey be Nasdaq-listed company, don buy 200,000 BNB tokens wey worth $160 million, become di biggest corporate holder for Binance Coin. Di acquisition na fund by $500 million private placement wey 10X Capital and YZi Labs lead am. Under new CEO David Namdar and wit Galaxy Digital co-founder join di board, BNC plan to expand dia BNB treasury to $1.25 billion through warrants.
BNB network show strong fundamentals, di total value locked na $12.3 billion, transaction confirmation dey 0.75 seconds and average fees na $0.01. Over 30 public companies dey explore BNB corporate treasury strategies, fit add $1.2 billion buying pressure.
BNB dey trade around $814, up 2% for 24 hours and near im all-time high of $859. Technical indicators like RSI around 68, positive MACD and widening Bollinger Bands dey show bullish momentum. If e break pass $859, e fit send BNB go like $1,000–$1,200, with support near $750.
Bullish
BNC’s $160 million buy and im plan to grow im BNB holdings to $1.25 billion don increase demand for BNB well well. Corporate treasury strategies from more than 30 public companies fit add more buying pressure. Plus strong network fundamentals and positive technical indicators (RSI, MACD, Bollinger Bands), short-term momentum likely go push BNB pass resistance. For long term, as institutional and corporate allocations dey expand, e supposed to support BNB price stability and make e price go higher.