BNC Don Pass Binance Coin Holdings Wit $160M Buy, Eye $1.25B
BNC wey be treasury part of CEA Industries don buy 200,000 BNB (Binance Coin) tokens for $160 million for open market. Dis one make BNC be di biggest corporate Binance Coin holder wey dem don publicly talk about. Dis deal follow $500 million private placement wey 10X Capital and YZi Labs lead, plus up to $750 million warrants wey fit make their Binance Coin investment reach $1.25 billion. Dis move push Binance Coin price to record high of $861.20 and make market cap pass $119 billion. Higher spot and derivatives volumes show say market react well well. BNC plan to stake their Binance Coin holdings for yield, wey fit reduce circulating supply and help price stability. Dis corporate treasury diversification show say institutional confidence for Binance Coin dey grow and fit make dem gather more tokens for large scale.
Bullish
By gbe di record volume of Binance Coin dem don buy plus dem sign say dem go stake for yield, BNC dey reduce supply and e dey boost market demand. For short term, dis kain big open-market buy plus di price wey comot from am dey show strong bullish momentum. Di higher spot and derivatives volumes confirm say traders get interest. For longer term, di possible $1.25 billion total Binance Coin investment and di way corporate treasury dey diversify for di Binance ecosystem na di sama thing like before wey big institutional accumulation dey push price steady. So, traders fit expect say Binance Coin go still dey under upward pressure.