CEA Industries Acquires Massive $160 Million BNB Position

CEA Industries Inc., a Colorado-based company specializing in nicotine products, has made a significant move in the cryptocurrency world by establishing itself as the largest corporate holder of Binance Coin (BNB) globally. Its treasury arm, BNB Network Company (BNC), recently acquired 200,000 BNB tokens worth around $160 million. This acquisition marks a strategic shift for the company as it aims to leverage BNB’s growing popularity in the crypto market.