CEA Industries Doubles Down on BNB Holdings, Aims for 1% of Supply

CEA Industries Inc., publicly traded under the ticker BNC on Nasdaq, has significantly boosted its BNB token holdings. The company recently purchased an additional 38,888 BNB tokens worth approximately $33 million, bringing its total BNB reserves to over $330 million. This move solidifies CEA’s position as the world’s largest corporate BNB treasury. The company’s CEO David Namdar sees this acquisition as a strategic step towards consolidating reserves within the Binance ecosystem and aims for a long-term objective of owning 1% of the total BNB supply.