BNB Plus raises $4.1 million through the issuance of convertible preferred stock

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Mars Finance News, Nasdaq-listed digital asset treasury company BNB Plus announced 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.
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BluePeonyDoesn'tDrop
· 2h ago
Increasing holdings + operations + AI advancing on three fronts, showing a big appetite, but are there any details on what exactly AI infrastructure refers to?
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Front-RunningArbitrage
· 15h ago
Off the Chain’s native LP of this kind partnering with NASDAQ-listed companies—really shows the community is merging.
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AvocadoYieldRate
· 15h ago
The B-1/B-2 preferred stock structure is quite interesting—it earns in dollars without diluting too much, and treasury companies are getting more and more adept at it.
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CheckingEthInTheElevator
· 15h ago
16.4 million dollars in holdings + 4.1 million in new financing, ample ammunition. How long can the AI + Crypto narrative last?
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GateUser-52241ed6
· 15h ago
The entry of multi-chain funds like Silvermine suggests that compliance channels have been established, and there may be even larger funds or investments of the same kind coming in later.
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PfpSeasonChangeExpert
· 15h ago
Traditional institutions are starting to seriously position themselves, and this signal is quite clear.
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