BNB Plus to Raise $4.1 Million Through Convertible Preferred Shares

BNB Plus, a Nasdaq-listed digital asset treasury company, has announced plans to raise $4.1 million through the issuance of B-1 and B-2 series convertible preferred shares. According to ChainCatcher, the fundraising will involve participation from crypto-native institutional investors, including Comstock Multichain Fund and Off the Chain LP, under Silvermine Capital Advisors. The funds raised will be allocated to increasing digital asset reserves, providing operational capital support, and exploring opportunities in AI infrastructure development. The company also disclosed that it currently holds over $16.4 million in cash and digital assets.