BNB Plus will raise $4.1 million through the issuance of convertible preferred shares

Odaily reported that Nasdaq-listed digital asset treasury company BNB Plus has announced plans to raise $4.1 million through the issuance of B-1 Series and B-2 Series convertible preferred shares. Crypto-native institutional investors, including the Comstock Multichain Fund under Silvermine Capital Advisors and Off the Chain LP, participated in the fundraising. The proceeds will be used to increase digital asset reserves, provide working capital support, and explore development opportunities in AI infrastructure. The company also disclosed that it currently holds over $16.4 million in cash and digital assets. (Businesswire)