The Thai “tycoon” of the vitality marketplace out of the blue uncovered his investment in Binance.US and the BNB token
Thailand’s biggest personal electrical power generation group, Gulf Energy, owned by billionaire Sarath Ratanavadi, produced a rather surprising revelation abou...
Thailand’s biggest personal electrical power generation group, Gulf Energy, owned by billionaire Sarath Ratanavadi, produced a rather surprising revelation about its investment in the Binance.US exchange and the BNB token.
In a regulatory filing with the Thailand Stock Exchange launched on April 18, Gulf Energy Group explained it produced the favored stock investment in an original funding round led by Binance.US operator BAM Trading Services Inc. launched, just after Binance. On April six, the United States effectively raised $ 200 million at a valuation of $ four.five billion.
What is a lot more surprising is that Gulf Energy also made use of a subsidiary referred to as Gulf International Investment Limited to invest an undisclosed quantity in BNB, the native token of the Binance exchange, presently ranked 4th on the market’s biggest coin rankings. with a complete capitalization of up to $ 66.five billion at the time of creating.
Gulf Energy says these moves are a stage in line with the company’s objective of getting to be a leader in digital infrastructure when supplying additional options for growth in impressive technologies and other cryptocurrency-associated tips in the long term.
In addition, Gulf Energy and Binance also announced that the two events are reaching the ultimate stage of the agreement to proceed with the system of applying for a license to operate a new cryptocurrency exchange platform. The partnership was initially launched in January, with Binance and Gulf Energy-owned subsidiary Gulf Innova forming a joint venture to develop a cryptocurrency exchange in Thailand.
Gulf Energy is 1 of the biggest electrical power generation corporations in the nation, has diversified its investment portfolio with investments in renewable vitality, toll roads and telecommunications tasks.
In October, the enterprise reached an agreement with Singapore-based mostly telecommunications giant Singtel to build its information center organization. The occasion comes just months just after Gulf Energy purchased a lot more shares of Intouch Holdings, which owns the country’s biggest mobile operator.
Synthetic currency 68
Maybe you are interested:
More From Crypto News
Why Is Pump.fun (PUMP) Price Surging Today?
Pump.fun’s native token PUMP is posting gains today, drawing renewed attention to the Solana-based token launchpad and its market-listed token.
FBI Confirms North Korea Role in $6B Binance Hack, Flags BTC, ETH, SOL Addresses
The FBI’s joint alert attributes the attack to TraderTraitor, the same state-sponsored unit behind the Bybit hack.
Binance Says 10 Cryptos Are Fully Backed After Hack
Binance has stated that Bitcoin, Ethereum, XRP, and seven other cryptocurrencies remain fully backed following a reported hack against the exchange.
Why Is Venice Token (VVV) Price Down Today?
Venice Token (VVV) is trading at $22.08 as of October 31, 2026, down 4.29% over the past 24 hours, extending a pullback from the token’s all-time high of $34.58...
Binance Details Response to Reported $6.3 Billion Hack
Binance has publicly outlined its response to a reported $6.3 billion hack, with CEO Richard Teng and the exchange’s official channels issuing statements addres...
Wall Street Analysts Back Crypto Stocks After Binance Hack
Compass Point analysts Ed Engel and Michael Donovan took a measured stance on Binance itself: “We believe Binance has more than enough liquidity to cover the ho...
