Crypto: This company buys $ 160 million in BNB

BNB, cash active substance? A few weeks ago, BNB Network Company (BNC, Ex Vape) announced its intention to get BNB dollars for $ 500 million. A report that made a great noise in the cryptosphere. Now the company is taking steps and has the first purchase of $ 160 million.

BNB network company buys $ 160 million from BNB

Last July BNB network company announced his intention to obtain for BNB $ 500 million. The aim is to make a BNB with an active ingredient.

On Sunday, August 10, the company announced that it had made the first purchase of $ 160 million in BNB or around 200,000 BNB.

BNB network company thus becomes BNB holder. The company said it would continue to buy BNB until it has reached the reported $ 500 million.

In addition, society could spend up to Another $ 750 million In BNB through the exercise of subscription vouchers. In practice, this would bring its overall investment $ 1.25 billion In BNB.

BNB Network Company announced in parallel that it will explore revenue via stuking and defi in the BNB chain network.

Bet on the ecosystem of the BNB chain

According to a statement by BNB Network Company, this investment is a bet on the growth of BNB chain.

The company actually focuses on the ecosystem it considers 250 million usersBut which lacks an important institutional presence in the American markets.

“I see it as a chain of the future. It can be a chain of IA and robotic opportunities; there are many different things that BNB can bring.” »

Obviously, this report caused a lot of ink. For some observers, this means a key moment for BNB and passes it from a simple utility token to the anterior effective component of cash.

But others are more skeptical. Kadan Stadelmann therefore said the technical director of Komodo Platform “Our corporate masters take the crypto”.

Binance continues its expansion. The platform recently received a license in Japan. In addition, it announced the launch of the Binance Japan platform, dedicated to Japanese investors.