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

Odaily Planet Daily reported that Nasdaq-listed digital asset treasury company BNB Plus has announced it will raise $4.1 million through the issuance of Series B-1 and Series B-2 convertible preferred shares. Crypto-native institutional investors including Silvermine Capital Advisors' Comstock Multichain Fund and Off the Chain LP participated in the investment. 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)