CEA Industries Secures $160M BNB Position Through Treasury Arm
Main Idea
CEA Industries Inc.'s treasury arm, BNB Network Company (BNC), has acquired $160 million worth of BNB as part of a strategic pivot into crypto, with plans to invest up to $1.25 billion in further acquisitions.
Key Points
1. BNB Network Company (BNC) acquired 200,000 BNB, valued at approximately $160 million, marking the largest corporate purchase of BNB.
2. The acquisition is part of a $500 million private placement led by 10X Capital and YZi Labs, aimed at building BNB holdings.
3. Key appointments include David Namdar (Galaxy Digital co-founder) as CEO, Russell Read (former CalPERS CIO), and Saad Naja (former Kraken director).
4. BNC cited BNB's underrepresentation in the US market despite its 250 million users and $9.3 billion average daily trading volume as of July 2025.
5. The company plans to continue purchasing BNB until the full initial capital is invested, potentially reaching $1.25 billion in total acquisitions.
Description
CEA Industries Inc., the Colorado-based nicotine company, announced that its treasury management arm, BNB Network Company (BNC), has acquired 200,000 BNB tokens. The stash is worth around $160 million, which makes it the largest corporate holder of BNB globally. $160 Million Bet The purchase follows a $500 million private placement led by 10X Capital in partnership with YZi Labs, earmarked exclusively for building BNB holdings as the company’s primary reserve asset. Leadership changes have accom...
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