Nasdaq-listed BNB Plus secures $4.1 million to expand its digital asset treasury and review strategic assets.
BNB Plus Corp. (NASDAQ: $BNBX) has secured $4.1 million in convertible preferred stock financing to bolster its crypto treasury and support a strategic review. The company targets $5 million in total proceeds, with additional commitments expected.
The funds will expand BNB Plus’s digital asset holdings, projected to exceed $16.4 million in cash and digital assets post-financing. The review, led by GlobalStake Infrastructure, will assess digital asset opportunities and the future of its biotech subsidiary, LineaRx.
Investors include Comstock Multichain Fund and Off the Chain, LP, as BNB Plus shifts focus toward the BNB ecosystem while evaluating monetization options for its biotech assets.