CEA Industries Expands BNB Holdings to $330M

CEA Industries announced on Tuesday that it purchased an additional 38,888 BNB for approximately $33 million, solidifying its status as the largest corporate BNB treasury globally. Earlier in July, the Nasdaq-listed firm shifted its focus from nicotine vapes to establishing a BNB treasury and changed its ticker symbol from VAPE to BNC. This strategy was backed by a recent $500 million private placement led by 10X Capital and Changpeng Zhao's YZi Labs. This latest acquisition adds to the $160 million worth of BNB obtained last month, raising CEA Industries' total holdings to 388,888 BNB, valued at around $330 million. The firm aims to secure 1% of the total BNB supply by the end of 2025, translating to roughly 1.4 million BNB, worth about $1.2 billion at current market prices, according to The Block's BNB price page. "We view BNB as the most appealing digital asset with significant potential that remains largely unrecognized," stated CEA Industries CEO David Namdar. "Every acquisition strengthens our conviction, increases our exposure, and propels us toward our ambitious goal of owning 1% of the total BNB supply." BNB reached an all-time high of around $900 on August 22 but has recently fallen 6.2% to $844.25 due to broader crypto market corrections. The BNB Chain stands as the largest blockchain ecosystem measured by daily active users and decentralized trading volume, with over $12 billion locked in total value. CEA Industries believes that its exclusive focus on BNB sets it apart from diversified treasuries, allowing it to harness network effects, generate on-chain yield, and align with the ecosystem's long-term growth. If its comprehensive treasury plan is realized, including potential proceeds of up to $750 million from warrants, the company's BNB holdings could exceed $1.25 billion, positioning it among the largest digital asset treasuries globally. The trend of corporate crypto accumulation is spreading beyond Bitcoin and Ethereum, with firms like B Strategy, Nano Labs, and Windtree also looking to establish BNB treasuries.