According to Businesswire, Nasdaq-listed digital asset treasury company BNB Plus announced it will raise $4.1 million through the issuance of Series B-1 and B-2 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 to Raise $4.1M Through Convertible Preferred Stock
TechFlowShare
Summary
BNB Plus said it will raise $4.1 million through Series B-1 and B-2 convertible preferred stock, according to TechFlow. The round includes institutional crypto investors such as Comstock Multichain Fund and Off the Chain LP under Silvermine Capital Advisors. The proceeds will be used for digital asset reserves, working capital, and AI infrastructure. The company holds over $16.4 million in cash and digital assets, in alignment with tightening digital asset regulations and CFT compliance standards.
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