We often hear about MSTR's institutional buys of BTC and Bitmine's massive accumulation of ETH. So, which institutions are holding BNB?

Between 2025 and 2026, some smaller publicly traded companies are indeed mimicking MSTR's strategy by adding BNB to their balance sheets:
​CEA Industries (NASDAQ: BNC): This company has transformed into a major BNB holder, having disclosed holdings of over 400,000 coins, with plans to ramp up their BNB stash to $1 billion.
​Nano Labs (NASDAQ: NA): They have also disclosed significant BNB holdings (around 128,000 coins) and publicly support the BNB ecosystem.
​Windtree Therapeutics (NASDAQ: WINT): They committed to establishing a BNB treasury of up to $700 million.

Additionally, institutions using the BNB chain include:
​BlackRock: Their tokenized fund BUIDL officially launched on the BNB Chain in 2025. This means that BlackRock's institutional client funds are flowing on the BNB chain.

​Franklin Templeton: They have extended their government money market fund BENJI to the BNB Chain. This giant, managing $16 trillion in assets, chose BNB as the primary settlement layer for their on-chain assets.

​Other institutions: Including VanEck and Ondo Finance, have already deployed tokenized government bond products on the BNB chain.