BNB Price Hits $899 ATH, and China Renaissance Moves In With a $100M Buy
The post BNB Price Hits $899 ATH, and China Renaissance Moves In With a $100M Buy appeared on BitcoinEthereumNews.com. TLDR: China Renaissance becomes the first Hong Kong-listed firm to allocate $100M of its own capital into BNB. The firm signed an MOU with YZi Labs to expand BNB Chain adoption through compliant Hong Kong listings. The deal includes plans for a new RWA fund worth several hundred million dollars tied to the BNB Chain. BNB price touched a new ATH of $899.77 before stabilizing at $887 with trading volumes over $2.5B. BNB touched fresh highs this week as a new heavyweight buyer stepped in. Hong Kong-based China Renaissance confirmed a $100 million investment into the token, putting it in rare company as the first public firm in the region to do so. The deal follows BNB’s rally above $899, pushing momentum across Asian markets. A strategic partnership with YZi Labs was also revealed, aimed at fueling BNB adoption. $100 Million Allocation into BNB According to China Renaissance’s filing with the Hong Kong Stock Exchange, the firm completed an agreement with YZi Labs after market hours on August 22. The move includes a proprietary investment of about $100 million in BNB, forming part of its digital asset strategy. The company stated it intends to hold BNB as part of its treasury, citing opportunities to integrate with Web3 and investment banking operations. Through this allocation, it expects access to projects in the BNB Chain ecosystem, which it sees as aligned with its financial services expansion. The firm also revealed plans to support compliant BNB listings on licensed virtual asset exchanges in Hong Kong. Partnering with ChinaAMC (Hong Kong), it will work to develop fund-based products tied to the token and related blockchain services. China Renaissance, a HK public company, buying $100m USD worth of $BNB. In additional to buying BNB, many other long-term strategic partnerships involved. Let's build the ecosystem together!…
The post BNB Price Hits $899 ATH, and China Renaissance Moves In With a $100M Buy appeared on BitcoinEthereumNews.com.
TLDR: China Renaissance becomes the first Hong Kong-listed firm to allocate $100M of its own capital into BNB. The firm signed an MOU with YZi Labs to expand BNB Chain adoption through compliant Hong Kong listings. The deal includes plans for a new RWA fund worth several hundred million dollars tied to the BNB Chain. BNB price touched a new ATH of $899.77 before stabilizing at $887 with trading volumes over $2.5B. BNB touched fresh highs this week as a new heavyweight buyer stepped in. Hong Kong-based China Renaissance confirmed a $100 million investment into the token, putting it in rare company as the first public firm in the region to do so. The deal follows BNB’s rally above $899, pushing momentum across Asian markets. A strategic partnership with YZi Labs was also revealed, aimed at fueling BNB adoption. $100 Million Allocation into BNB According to China Renaissance’s filing with the Hong Kong Stock Exchange, the firm completed an agreement with YZi Labs after market hours on August 22. The move includes a proprietary investment of about $100 million in BNB, forming part of its digital asset strategy. The company stated it intends to hold BNB as part of its treasury, citing opportunities to integrate with Web3 and investment banking operations. Through this allocation, it expects access to projects in the BNB Chain ecosystem, which it sees as aligned with its financial services expansion. The firm also revealed plans to support compliant BNB listings on licensed virtual asset exchanges in Hong Kong. Partnering with ChinaAMC (Hong Kong), it will work to develop fund-based products tied to the token and related blockchain services. China Renaissance, a HK public company, buying $100m USD worth of $BNB. In additional to buying BNB, many other long-term strategic partnerships involved. Let's build the ecosystem together!…
What's Your Reaction?
