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.