ChainCatcher report: Nasdaq-listed digital assets treasury company BNB Plus announced it will raise $4.1 million through the issuance of B-1 and B-2 series convertible preferred shares, with participation from crypto-native institutional investors including Silvermine Capital Advisors’ Comstock Multichain Fund and Off the Chain LP. The proceeds will be used to increase digital asset reserves, provide working capital support, and explore opportunities in AI infrastructure development. The company also disclosed that it currently holds over $16.4 million in cash and digital assets.
BNB Plus Raises $4.1M Through Convertible Preferred Stock
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Summary
BNB Plus raised $4.1 million through Series B-1 and B-2 convertible preferred shares, according to Chaincatcher. The round included participation from Comstock Multichain Fund and Off the Chain LP. The funds will be used for digital asset market expansion, working capital, and AI infrastructure. The company holds over $16.4 million in cash and assets. This move comes amid shifting sentiment in the digital asset market, with the Fear & Greed Index showing mixed signals.
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