Quick take:
- The report comes out just two months after Renaissance revealed in an August filing that it will invest $100 million in BNB.
- If successful, the $600 million would be used to establish a U.S. publicly-listed vehicle dedicated to accumulating the BNB token.
- The BNB token has been on a rally this year, more than doubling in price since May, and reaching a market cap of $178.8 billion.
China Renaissance Holdings Ltd., the Chinese financial services company founded by Bao Fan in 2005, and offering a variety of services, including investment banking and wealth management, is reportedly looking to form a U.S. publicly-listed vehicle dedicated to the accumulation of BNB tokens.
According to the report by Bloomberg, the company is raising $600 million for the project. It has already received backing from YZi Labs, the family office founded by Chengepeng (CZ) Zhao, with both companies planning to invest a combined $200 million, Bloomberg cited people familiar with the matter.
The report comes out just two months after Renaissance revealed in an August filing that it will invest $100 million in BNB.
Renaissance is the latest in a string of publicly traded companies that have sought to form digital asset treasuries, following in the footsteps of the Bitcoin hoarder and pioneer of the strategy, Michael Saylor’s MicroStrategy (MSTR).
Over the past year and a half, alternative tokens, including Ethereum, Solana, and of course, the BNB token, have emerged as targets for establishing strategic crypto treasuries.
Since the report by Bloomberg came out on Monday morning, China Renaissance stock spiked more than 4%.
On the other hand, fell by over 5% after the report. However, it continues to trade near its historical highs after rallying more than 120% since May 2025 to a market cap of $178.8 billion, according to CoinMarketCap data.
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