CEA Industries discloses 480,000 BNB corporate treasury as the Binance-linked token surges
Quick Take
- CEA says it now holds 480,000 BNB and $663 million in crypto plus cash, with an average buy price of $860 per token.
- The disclosure coincides with a new all-time high for Binance’s exchange coin.
CEA Industries announced on Tuesday that it now holds 480,000 BNB, totaling $663 million in crypto and cash, as it moves toward its year-end goal of owning 1% of BNB's supply.
The company, which trades on Nasdaq as BNC, cited an average acquisition price of $860 per BNB, $585.5 million in token value as of Oct. 6, and $77.5 million in unencumbered cash.
Tuesday’s update extends a summer pivot that included a $500 million private placement to fund its BNB strategy and a series of incremental purchases. There was a Sep. 2 disclosure that lifted the stash to 388,888 BNB, before accumulation accelerated into October’s rally. Based on the latest details, CEA has acquired about 91,112 BNB since early last month. The firm has likely spent over $78 million on its upsized digital asset treasury.
Meanwhile, BNB has notched new all-time highs above $1,320 and currently ranks No. 3 by market value behind bitcoin and ether, according to The Block’s price page. Binance’s exchange token has logged a roughly 30% gain over the past week, the highest percentage increase among the top 10 cryptocurrencies by market cap.
After closing 15% up on Monday, CEA's BNC stock rose almost 8% in Tuesday's pre-market trading, Yahoo Finance data shows.
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