CEA Industries Becomes Largest BNB Holder After Secures $160 Million Investment

CEA Industries Inc.’s treasury arm, BNB Network Company (Nasdaq: BNC), has acquired a substantial stake in the cryptocurrency BNB. This purchase of 200,000 BNB tokens, valued at $160 million, positions BNC as the world’s largest corporate holder of BNB. The investment is part of a larger $500 million private funding round led by 10X Capital and YZi Labs. BNC intends to concentrate its treasury solely on BNB, making it the primary reserve asset for the company. 200,000 tokens will be added to their existing holdings as they aim to solidify BNB’s position within the company.