China Renaissance Holdings is reportedly raising $600 million to launch a BNB-focused digital asset treasury in the US.
China Renaissance Holdings Ltd., a Beijing-based investment bank, is reportedly in talks to raise around $600 million for a new digital-asset treasury company.
According to a Bloomberg report, the publicly listed vehicle would focus on accumulating BNB, the native token of Binance, the world’s largest cryptocurrency exchange.
YZi Labs to Invest
According to the report, YZi Labs, the family office of Binance co-founder Changpeng Zhao (CZ), is expected to invest alongside China Renaissance. Sources familiar with the matter said that YZi and China Renaissance plan to contribute $200 million to the deal, with the bank committing around $100 million of that amount.
The remaining capital would be raised from institutional backers. Notably, China Renaissance emerged in headlines after its former chairman, Bao Fan, was released from detention.
Bao Fan’s disappearance in 2023 and subsequent resignation had tarnished the firm’s reputation, but the bank appears eager to reestablish its position through high-profile crypto deals.
A Public BNB Treasury Vehicle in the US
If finalized, the $600 million fund would establish a publicly traded company in the United States dedicated to accumulating BNB BNB $1 266 24h volatility: 1.8% Market cap: $177.10 B Vol. 24h: $11.38 B .
The concept mirrors the “crypto hoarding” model popularized by Michael Saylor’s Strategy Inc., which made aggressive Bitcoin acquisitions a mainstream corporate strategy.
That model is now being replicated across different tokens, with BNB emerging as one of the best crypto to buy, more than doubling in 2025 and touching a new all-time high of $1,370.55, according to the CoinMarketCap data.
BNB Hoarding Trend Gains Steam
After Bitcoin BTC $114 572 24h volatility: 3.0% Market cap: $2.28 T Vol. 24h: $100.72 B and Ethereum ETH $4 115 24h volatility: 7.6% Market cap: $497.11 B Vol. 24h: $63.29 B , BNB accumulation is the new trend. CEA Industries Inc. revealed that it now holds 480,000 BNB, valued at roughly $663 million. The company aims to own 1% of BNB’s total supply by year-end.
On the other hand, Applied DNA Sciences secured up to $58 million for a BNB treasury strategy through a private investment in public equity (PIPE) offering.
The firm plans to rebrand under the ticker BNBX and pursue an actively managed DeFi yield strategy centered on BNB accumulation. It partnered with Cypress LLC and SkyBridge Capital’s Anthony Scaramucci as well.
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