CEA Industries Boosts its Strategic Reserves with Massive BNB Purchase
Main Idea
CEA Industries (BNC) acquired 200,000 Binance Coins (BNB) for approximately $160 million, becoming the largest institutional holder of BNB, as part of its $500 million BNB Treasury plan.
Key Points
1. CEA Industries (BNC) purchased 200,000 BNB for around $160 million, marking the first installment of its $500 million BNB Treasury plan.
2. The acquisition was led by YZi Labs, backed by former Binance CEO Changpeng Zhao, and 10x Capital, with potential total acquisitions reaching $1.25 billion.
3. BNC aims to provide U.S. and global investors with indirect exposure to BNB, following a stock price rebound after a sharp pullback.
4. The BNB ecosystem has 250 million users and an average daily transaction volume of $9.3 billion, but is considered underrepresented in the U.S. market.
5. BNB's price is around $822, showing a 20% monthly growth, with expectations of reaching the $1,000 threshold.
Description
CEA Industries acquired 200,000 BNB, becoming the largest institutional holder. The $160 million purchase is part of a larger $500 million BNB Treasury plan. Continue Reading: CEA Industries Boosts its Strategic Reserves with Massive BNB Purchase The post CEA Industries Boosts its Strategic Reserves with Massive BNB Purchase appeared first on COINTURK NEWS .
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