Gulf Energy makes investment in Binance.US and BNB as part of JV
An energy company in Thailand owned by billionaire Sarath Ratanavadi today announced investments in Binance.US and BNB tokens. Gulf Energy Development Public Company Limited said in a regulatory filing on April 18 that it had, through a subsidiary, made an investment in “series seed preferred stock” issued by BAM Trading Services Inc., operator of Binance.US. The exchange announced a $200 million raise at a $4.5 billion valuation on April 6. Per a separate filing on April 18, Gulf Energy has …