Binance Coin (BNB) Breaks Out Near Record High as BNC Invests $160 Million

Binance Coin (BNB) continues its strong upward momentum, reaching a new all-time high of around $818 after surging over 18% in a month. This surge is fueled by a recent significant investment from Nasdaq-listed company BNC, which has purchased $160 million worth of BNB tokens to establish it as its primary reserve asset. This comes amid growing positive sentiment and increasing institutional interest in the cryptocurrency market.