Binance Coin currently has 250 million users and a daily trading volume of $9.3 billion. It ranks fourth by market capitalization and third by total value locked (TVL), which stands at $12.3 billion. 10X Capital and CZ-backed YZi Labs are collaborating to strengthen BNC’s BNB reserves. 

BNC’s Strategic Move 

Previously known as VAPE, BNC now focuses on BNB-centered strategies. After acquiring 200,000 BNB, it became the largest corporate holder worldwide. The company plans to continue its purchases using remaining funds and has access to an additional $750 million via a warrant structure. This allows investors indirect exposure to BNB. 

Management views BNB not only as a reserve but also as a growth opportunity. The company aims to increase BNB’s representation in the US market. 

BNB Price and Ecosystem Data 

The Binance Coin ecosystem is growing strongly, supported by a large user base and Web3 developers. Ranking third in TVL further boosts investor interest. BNB’s price rose 20% monthly and currently trades around $822. Analysts expect it to test the $1,000 mark soon. 

BNC’s stock experienced a sharp rise in recent months, dropping from over $50 to $16.10 before rebounding to close at $17.1. This recovery signals growing market confidence alongside the Binance Coin investment. 

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