China Renaissance Targets $600M BNB Treasury
China Renaissance, a leading Chinese investment bank, is reportedly planning to raise around $600 million to establish a Binance Coin (BNB) treasury. According to Bloomberg, the Beijing-based firm aims to create a public fund dedicated to digital assets, with early backing from Changpeng Zhao’s family office, YZi Labs.
Insiders revealed that YZi Labs and China Renaissance could jointly commit up to $200 million to the project, with the goal of building a digital asset treasury firm in the United States. The firm would be publicly listed and gradually accumulate BNB as its primary holding.
Following the announcement, Binance Coin’s price surged more than 9%, peaking at $1,366 within hours of the news.
Growing Institutional Interest in BNB
BNB-focused corporate treasuries are still rare compared to Bitcoin, which has over 340 firms holding it as a treasury asset. So far, only two companies—CEA Industries in the U.S. and China’s Nano Labs—hold BNB as their main treasury asset.
Data from CoinGecko shows that their combined BNB holdings total around 608,000 coins, valued at roughly $794.3 million. China Renaissance’s planned $600 million fund could easily surpass that, making it the largest BNB treasury globally.
The bank’s cooperation with YZi Labs dates back to August, when both parties signed a memorandum to invest in Binance Coin. China Renaissance committed $100 million from its corporate funds, while YZi Labs took on the role of strategic advisor.
If successful, this new treasury initiative would mark the first time a Hong Kong-listed company holds BNB directly on its balance sheet.
Binance Coin Price Analysis
The BNB market reacted swiftly to the China Renaissance news, with traders driving a strong short-term rally. Although the token later corrected slightly, sentiment remains bullish.
At press time, BNB trades near $1,289, up 5.7% over the past 24 hours. The 30-period moving average sits at $1,278.9, acting as short-term support. The Relative Strength Index (RSI) has cooled from overbought levels to around 51.78, suggesting consolidation before the next potential move.
If BNB stays above the $1,275 level, it could attempt another breakout toward the $1,350–$1,400 resistance zone. However, falling below that support might trigger a deeper correction toward $1,200.
