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China Renaissance bank is reportedly interested in raising about $600 million to establish a Binance coin crypto treasury, with possible financial support from YZi Labs.
- China Renaissance is reportedly planning to launch a $600 million public fund focused on Binance Coin, in collaboration with Changpeng Zhao’s family office YZi Labs.
- $BNB’s price briefly surged over 9% to $1,366 before stabilizing around $1,289, as traders responded positively to the news and broader market corrections took hold.
A recent report by Bloomberg revealed that the Chinese investment bank is planning to establish a public fund with the aim of investing millions into $BNB. According to inside sources, Changpeng Zhao’s family office YZi Labs, plans to invest alongside China Renaissance, with a combined commitment amounting to $200 million.
If the Beijing-based bank does manage to raise as much as $600 million, the money would be used to establish a digital asset treasury firm located in the United States. The company will be publicly listed and will start accumulating the $BNB token gradually. After the report went live, price of Binance coin ($BNB) jumped as high as $1,366, going up by more than 9% in the past 24 hours just moments after the news broke.
Unlike Bitcoin (BTC), which has seen more than 340 corporate treasury firms stockpiling the asset, $BNB treasury companies are still a relatively new addition to the market. So far there are only two entities that hold $BNB as a main treasury asset, which are the United States-based firm CEA Industries and China’s Nano Labs.
According to data on CoinGecko, the combined holdings of CEA Industries and Nano Labs have reached a total of 608,000 $BNB or equal to $794.3 million based on current market prices. So far, corporations only hold about 0.44% out of the total circulating $BNB supply.
Back in August, China Renaissance revealed that it had signed a cooperation memorandum with YZi Labs to start investing in Binance Coin. The deal would see China Renaissance committing $100 million of its corporate funds to purchasing the $BNB asset. Based on the agreement, YZi Labs will act as a strategic advisor to the treasury firm.
If the bank decides to spend $600 million of its fund to purchase $BNB, it stands a chance to become the largest Binance coin treasury in the world. Not only that, it will also become the first company on the Hong Kong exchange to hold $BNB directly on its balance sheet.
Binance coin price analysis
The recent announcement that China Renaissance plans to raise $600 million to establish a public investment fund focused on $BNB has sparked renewed optimism in the market. The move underscores growing institutional interest in Binance’s ecosystem and positions $BNB as a strategic asset within China’s expanding digital finance landscape.
So far, traders have initially responded positively to the news, driving a brief price spike before broader market corrections took hold.
At press time, Binance Coin is trading at around $1,289, having seen modest gains of around 5.7% in the past 24 hours. After a sharp rally earlier in the week, the token experienced a pullback from its recent high near $1,350, as traders locked in profits.
$BNB crypto treasury | Source: TradingView">
The token’s 30-period moving average currently stands at $1,278.9. The 30-day MA serves as the short-term support, suggesting that the overall uptrend remains intact despite minor corrections. Meanwhile, the Relative Strength Index has cooled down from overbought levels above 70 to around 51.78, reflecting a slowdown in bullish momentum.
This suggests that the asset could be consolidating before making its next decisive move. If $BNB manages to stay above the MA line, it may attempt another breakout toward the $1,350 to $1,400 resistance zone. However, failure to maintain the price above the $1,275 level could expose the coin to a deeper correction, which could potentially drag it back towards the $1,200 level.