- YZi Labs is actively push to take full control of BNC’s board and oversee its substantial BNB holdings.
- BNC’s expanding BNB holdings are significantly increasing institutional exposure and could influence investor confidence.
YZi Labs, the investment firm linked to former Binance CEO Changpeng Zhao (“CZ”), has recently pushed for a full board overhaul at BNB Network. In a filing known as “Schedule 14A,” the firm proposed to expand BNC’s board and install its own directors, bypassing a traditional shareholder meeting.
YZi Labs is trying to take over the board because it considers that BNC’s current leaders are mismanaging the company and letting its stock fall far below the value of its BNB assets. By replacing them, YZi Labs wants tighter control of the treasury’s large BNB holdings and a strategy it believes will lift confidence and protect BNB’s market value.
According to recent filings (1 December 2025), the preliminary Schedule 14A proposes removing the entire current board and installing its own nominees through a written-consent process. Success requires signatures from holders of more than 50% of outstanding shares; no shareholder meeting would be needed.
This move follows a $500 million private equity financing round led by YZi Labs and 10X Capital, which allowed the company to rebrand from its former identity and relaunch as a BNB-only treasury. As recently published on GlobeNewsWire’s website, the company closed the private placement to fund its BNB-treasury strategy and rebranding. David Namdar, incoming CEO of CEA Industries Inc., stated:
Our new BNC ticker reflects a strategic realignment with the BNB Chain ecosystem and a clear focus on treasury growth,” and “This is the first step in building a best-in-class, institutional-grade vehicle that gives investors transparent and secure access to one of the most active blockchain networks in the world.
Institutional Moves Are Shaping BNB’s Price Risk
In line with our most recent coverage on Binance, the firm is focusing particularly on its institutional push, providing customized crypto support for wealth managers. Taken toegether, this new development is significant for BNB holders. First, the boardroom fight draws attention to who really controls a major institutional BNB stash, which could influence how and when those tokens are used, sold, or leveraged.
Second, as reported in recent Nasdaq updates, the aggressive accumulation of BNB by the publicly traded treasury firm BNC, which recently surpassed 500,000 BNB holdings (≈ US$610 million), increases institutional exposure for the token. That could enhance BNB’s legitimacy among traditional investors, potentially attracting fresh capital and strengthening demand.
As of now, Binance Coin (BNB) is trading at $831.73 USD, reflecting a decrease of 0.87% in the past day and 3.04% in the past week. See BNB price chart below.
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