NASDAQ BNC purchases 200000 BNBs

BNB Network Company (BNC), a Nasdaq listed company, purchased 200000 BNBs for approximately $160 million. At the same time, the company completed a management restructuring, with David Namdar, co-founder of Galaxy Digital, appointed as CEO, and Russell Read, former Chief Investment Officer of CalPERS, and Saad Naja, former head of Kraken, joining the management team.