{"id":7381,"date":"2025-08-11T05:40:10","date_gmt":"2025-08-11T05:40:10","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bnb-nears-breakout-as-nasdaq-listed-bnc-buys-160m-in-bnb-for-treasury\/"},"modified":"2025-08-11T05:40:17","modified_gmt":"2025-08-11T05:40:17","slug":"bnb-nears-breakout-as-nasdaq-listed-bnc-buys-160m-in-bnb-for-treasury","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bnb-nears-breakout-as-nasdaq-listed-bnc-buys-160m-in-bnb-for-treasury\/","title":{"rendered":"BNB nears breakout as Nasdaq-listed BNC buys $160M in BNB for treasury"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">BNB is holding steady at $818, rising 1% higher in 24 hours and 8% over the past week amid a $160 million corporate treasury purchase.<\/p>\n<div id=\"cn-block-summary-block_3a96827d93386509ccc769a3e8c0fece\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>BNB trades at $818 after a month-long 18% rally, nearing 2025 highs.<\/li>\n<li>BNC purchases $160M in BNB, aiming to make it its primary reserve.<\/li>\n<li>Technicals show strong uptrend with resistance at $825 and support near $750.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>BNB (BNB) has continued its 18% monthly increase, hovering between $747.06 and $825.28 over the past seven days. Market depth shows solid buy-side interest above $800, while spot volume and derivatives open interest both rose over the weekend, suggesting traders are positioning for a potential move.<\/p>\n<h2 class=\"wp-block-heading\">BNC\u2019s $160M bet on BNB<\/h2>\n<p>On Aug 10, BNB Network Company (Nasdaq: BNC), formerly CEA Industries, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.globenewswire.com\/news-release\/2025\/08\/11\/3130588\/0\/en\/BNC-Makes-160M-BNB-Bet-Becomes-Largest-BNB-Treasury-Globally.html\" target=\"_blank\">announced<\/a> a landmark purchase of 200,000 BNB tokens, worth $160 million. The acquisition comes after a $500 million private placement that was supported by YZi Labs and 10X Capital. The capital raised from the sale will be used to establish BNB as its main reserve asset.<\/p>\n<p>BNC now holds more BNB than any other publicly listed firm and has set a target to fully allocate its treasury to the token. If existing warrants are exercised, the company could commit up to $1.25 billion. <\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>The latest move comes alongside changes in leadership. To direct the BNB corporate strategy, Galaxy Digital co-founder David Namdar has taken over as chief executive officer.<\/p>\n<h2 class=\"wp-block-heading\">BNB technical analysis<\/h2>\n<p>BNB\u2019s price structure shows a sustained upward momentum, with the token trading above every significant moving average, from the 200-day SMA at $650 to the 10-day EMA at $791. The upper band around $837 is serving as immediate resistance as the Bollinger Bands widen.<\/p>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">BNB daily chart. Credit: crypto.news<\/figcaption><\/figure>\n<p>The relative strength index, which is slightly below overbought territory at 65.88, indicates that there may be more upside before buyers become exhausted. Momentum indicators like the 10-day Momentum point towards continued strength, while MACD levels are still in buy territory, supporting bullish sentiment.<\/p>\n<p>In the short term, a break above $825 might pave the way for $850\u2013$875. Prices could retrace toward $790 if resistance holds, with stronger support close to $750. With both fundamentals and technicals leaning positive, BNB\u2019s next decisive move could set the tone for the remainder of August.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>BNB is holding steady at $818, rising 1% higher in 24 hours and 8% over the past week amid a $160 million corporate treasury purchase. Summary BNB trades at $818&hellip;<\/p>\n","protected":false},"author":1,"featured_media":6056,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7381","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/7381","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=7381"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/7381\/revisions"}],"predecessor-version":[{"id":7382,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/7381\/revisions\/7382"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/6056"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=7381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=7381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=7381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}