Ex-Bitmain Execs, CZ Back $1B BNB Treasury as BNB Hits ATH
BNB has surged to a record $899.77, driven by rising institutional demand. The token trades near $843 after a modest pullback of under 10%, holding key support at $820–$815. Technical indicators show neutral RSI and bullish MACD momentum. Ex-Bitmain executives, with backing from CZ’s YZi Labs, have launched a $1 billion BNB treasury fund. Managed by B Strategy, led by Leon Lu and Max Hua, the fund aims to hold BNB as a reserve asset and support BNB Chain projects. Institutional interest in BNB treasuries is on the rise, following initiatives like 10X Capital’s $250 million vehicle. While CZ controls about 64% of BNB supply, his support adds stability. The new treasury may enhance BNB’s reserve status and underpin sustainable long-term demand for BNB.
Bullish
BNB’s launch of a $1B treasury fund backed by CZ and former Bitmain execs signals strong institutional confidence. Similar to 10X Capital’s $250M BNB vehicle, this move mirrors closed-end fund structures that attract accredited investors seeking regulated exposure. Short-term, the fund announcement and technical indicators suggest bullish momentum and price support near $820. Longer-term, growing treasury models and CZ’s backing may cement BNB’s standing as a reserve asset. High supply concentration under CZ could pose governance concerns, but historical reactions to institutional BNB treasuries show price upside catalysts. Overall, this development is expected to drive both immediate price resilience and sustained institutional demand, marking a bullish outlook for BNB.