In recent years, cryptocurrency has gradually moved from being a fringe asset to the mainstream financial stage, with $BNB (Binance Coin) standing out as a leader in this wave, penetrating corporate and national strategic layouts at an astonishing speed. From the treasury strategies of Nasdaq-listed companies to candidates for national reserve assets, BNB is no longer exclusive to retail investors but has become the "new darling" of traditional capital, joining BTC and ETH as a standard asset in global investment portfolios. This article will delve into this trend, revealing how BNB has "evolved" from an ecological token to an institutional-level strategic asset, providing valuable insights for the crypto community. New Choices for Listed Companies: BNB Becomes the Core of Corporate Treasury Strategies The global capital market is witnessing a historic shift: listed companies are beginning to view digital assets as an important component of their financial infrastructure, and BNB, with its high market value, ample liquidity, and mature blockchain ecosystem, is becoming a pioneer of this trend. 1. Windtree Therapeutics: BNB Treasury Strategy of a Nasdaq-Listed Company On July 16, 2025, Nasdaq-listed company Windtree Therapeutics (stock code: WINT) announced a $60 million securities purchase agreement with Build and Build Corp, with a potential total of up to $200 million. This funding will primarily be used to initiate a crypto treasury strategy centered around BNB, marking the first time a traditional listed company has directly invested in BNB tokens on such a scale. Windtree's move not only provides shareholders with direct exposure to BNB but also reflects institutional interest in entering the digital asset market through regulated means. This indicates that BNB is becoming a preferred target for corporate diversification of asset allocation. 2. Nano Labs: The Beginning of a $1 Billion BNB Strategy Chip manufacturer Nano Labs (Nasdaq stock code: NA) further reinforces this trend. On July 4, 2025, Nano Labs purchased 74,315 BNB at an average price of $672.45, totaling approximately $50 million. This is just the starting point of its planned $1 billion BNB strategy, with $500 million coming from convertible bonds. Currently, Nano Labs' digital asset reserves have increased to about $160 million, showing its long-term optimism for BNB. This not only highlights the appeal of BNB as a highly liquid asset but also indicates that companies are viewing digital assets as a core tool for hedging traditional market risks and achieving asset appreciation. These cases demonstrate that BNB is transitioning from a single trading platform token to an important component of corporate treasury diversification. The participation of listed companies not only endorses the legitimacy and market recognition of BNB but also promotes the deep integration of crypto assets with traditional finance. National Strategic Reserves: BNB Enters the Sovereign Asset List The influence of BNB is not limited to the corporate level; its role in national strategic reserves is equally noteworthy. In 2025, several countries and economic special zones began exploring the inclusion of crypto assets in their sovereign investment portfolios, with BNB, due to its stability and wide range of application scenarios, becoming a candidate asset alongside BTC and ETH. 1. Bhutan's Grelip Mindfulness City (GMC): BNB's Strategic Reserve Position The economic special zone of Grelip Mindfulness City (GMC) in Bhutan announced that it would include BTC, ETH, and BNB in its strategic reserve asset list. According to its official website, BNB was selected due to its high market value, ample liquidity, and operation on the secure and mature Binance Smart Chain (BSC). This decision not only highlights BNB's important position in the global crypto market but also indicates sovereign entities' recognition of BNB's long-term value. 2. Potential Layout in Kyrgyzstan In May 2025, Binance founder CZ (Zhao Changpeng) suggested during a visit to Kyrgyzstan that the country consider including BNB and BTC in its proposed national crypto reserves. This suggestion further promoted discussions about BNB in the sovereign investment field, highlighting its potential as a global financial asset. These actions indicate that BNB is moving from corporate-level applications to the national strategic level, with its high liquidity and ecological advantages making it an important choice for sovereign wealth funds and economic special zones. BNB's "Evolution": From Ecological Token to Institutional-Level Strategic Asset The rise of BNB is not accidental. From its initial role as a trading fee token within the Binance ecosystem to now becoming a strategic asset for corporate treasuries and national reserves, BNB's role is undergoing profound changes. This "evolution" is attributed to the following factors: · High Market Value and Liquidity: As one of the top-ranked crypto assets by market value, BNB has ample liquidity and wide market acceptance, making it an ideal choice for institutional investment. · Mature Blockchain Ecosystem: The DeFi, NFT, and Web3 applications supported by the Binance Smart Chain (BSC) provide strong use case support for BNB, enhancing its long-term value. · Trust from Traditional Capital: From Nasdaq-listed companies to sovereign entities, the adoption of BNB reflects the growing recognition of crypto assets by traditional finance. This transformation of BNB not only promotes the integration of the crypto economy with traditional capital frameworks but also provides global investors with new paths for wealth appreciation. #BinanceTurns8