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Deep Tide TechFlow News, May 26, according to Businesswire, Nasdaq-listed digital asset treasury company BNB Plus announced that it will raise $4.1 million through the issuance of B-1 series and B-2 series convertible preferred shares.
Crypt-native institutional investors such as Comstock Multichain Fund under Silvermine Capital Advisors and Off the Chain LP participated in the funding.
The proceeds will be used to increase digital asset reserves, provide operational funding support, and explore AI infrastructure development opportunities.
The company also disclosed that it currently holds over $16.4 million in cash and digital assets.