thecryptobasic.com
China Renaissance, a Hong Kong-listed financial firm, is negotiating a plan to raise around $600 million in the United States.
The funds would support a new investment vehicle focused on $BNB accumulation, according to Bloomberg.
The fundraising effort will see YZi Labs, formerly known as Binance Labs, participate as a major partner. Together, the two firms intend to commit $200 million to the project, forming a cornerstone for the new entity.
The latest initiative reflects a broader industry shift toward corporate crypto accumulation strategies, a model popularized by the Bitcoin-focused DAT Strategy. Several firms have followed suit, allocating significant capital to specific digital assets as part of long-term treasury diversification plans.
$BNB Demand and Market Impact
The appetite for $BNB treasuries has surged alongside the token’s strong performance. For context, CEA Industries recently disclosed holdings of 480,000 $BNB and $663 million in combined crypto and cash assets.
Meanwhile, Nano Labs, another China-based tech firm, holds 128,000 $BNB in its balance sheet.
Adding to the trend, B Strategy is planning to raise $1 billion to establish what could become the largest $BNB treasury to date.
Launched in 2017 through an initial coin offering linked to Binance, $BNB serves as the backbone of the $BNB Chain ecosystem. According to CoinGecko, the token is trading near $1,288, marking a 4% rise following last week’s crypto market turmoil.
Meanwhile, futures open interest (OI) for $BNB has surged to $2.97 billion, a record high. According to CoinGlass, average OI levels have jumped by 75% since July, underscoring robust retail demand and bullish sentiment.