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BNB Strategic Reserve Long Yi, Nasdaq-listed company BNB Network Company $BNC announced the repurchase of 88,888 $BNB.
As of August 14, BNB Network Company holds 288,888 BNB, equivalent to approximately $242,665,920.
After the renaming, the stock price of BNC rose from a low of around 18 dollars to over 29 dollars, an increase of 60%.
The goal of BNB Network Company is to hold 1% of the total supply of BNB by the end of 2025. Roughly calculated, 1% is about 1,392,877 BNB, which is approximately $1.17 billion at the current price.
Additionally, BNB strategic reserve Long 2, Nasdaq-listed company Nano Labs $NA holds 128,000 BNB, equivalent to approximately $107.52 million.