CEA Industries expands BNB treasury to $330M, aims for 1% of total supply

CEA Industries Inc., listed on Nasdaq as BNC, announced today that it has purchased an additional 38,888 BNB tokens valued at approximately $33 ￰0￱ acquisition lifts the company’s total holdings to 388,888 BNB, worth about $330 million, leading the world as the largest corporate BNB ￰1￱ to a press statement released by the company on Tuesday, the new purchase is one step towards its long-term strategy of consolidating reserves in the Binance ecosystem ￰2￱ David Namdar called BNB “the most compelling digital asset with massive, under-recognized potential.” “Our mission couldn’t be clearer: every purchase amplifies our conviction, deepens our exposure, and accelerates us toward our bold target of owning 1% of the entire BNB supply,” Namdar ￰3￱ the company executes its full treasury plan, including exercising warrants that could generate up to $750 million in proceeds, its BNB holdings could exceed $1.25 ￰4￱ business adopts BNB treasury CEA Industries was originally known for designing and supplying environmental control systems for the controlled environment agriculture ￰5￱ has provided architectural plans, mechanical and electrical engineering services, and climate control technology for cultivation facilities ￰6￱ business focused on becoming a corporate digital asset holder with a treasury concentrated in ￰7￱ early August, CEA acquired 200,000 BNB tokens in a deal worth $160 ￰8￱ purchase was funded through a landmark $500 million private placement led by investment firm 10X Capital in partnership with YZi ￰9￱ announcement of that initial treasury allocation led to an uptick in the company’s ￰10￱ of BNC skyrocketed more than 800% in a single trading session, climbing from under $9 to an intraday high of nearly $83.

Since that rally, shares of BNC have been mostly on a volatile trading ￰11￱ Tuesday’s US pre-market trading session, the stock was trading near $21, up slightly from the previous ￰12￱ company’s shares have ranged from a 52-week low of $5.60 to a high of $82.88. Despite the recent pullback from August highs, BNC is more than 200% above where it traded at the start of the ￰13￱ institutions join BNB accumulation spree CEA’s BNB position has also inspired other companies and investment firms to acquire Binance Chain’s native ￰14￱ week, digital asset firm B Strategy, founded by former Bitmain executives, announced plans to launch a $1 billion BNB-focused ￰15￱ by YZi Labs, the family office of Binance co-founder Changpeng Zhao, the initiative is modeled on 10X Capital’s earlier partnership with CEA.

A spokesperson for B Strategy said the firm will collaborate with a publicly listed US company through a private placement. 10X Capital itself raised $250 million with YZi Labs’ support in July to accumulate BNB as a reserve ￰16￱ in August, another Nasdaq-listed company, Windtree Therapeutics Inc. (ticker WINT), unveiled its own BNB-focused ￰17￱ announced two equity financing agreements totaling up to $520 ￰18￱ deals included a $500 million equity line of credit and a $20 million stock purchase agreement with Build and Build ￰19￱ firm stated that 99% of the proceeds would be directed toward purchasing BNB. However, Windtree’s attempt to replicate CEA’s model has been marred by regulatory problems, specifically from the US Securities and Exchange ￰20￱ biotech company fell out of compliance with Nasdaq’s listing requirements, specifically the rule requiring a minimum bid price of $1.00 per ￰21￱ you're reading this, you’re already ￰22￱ there with our newsletter .