BNC Treasury Adds 200K BNB, Becomes Largest Corporate Holder

BNC Invests $160M in BNB, Aims for $1.25 Billion Treasury

Nasdaq-listed CEA Industries (BNC), formerly VAPE, has made a significant move by acquiring 200,000 BNB for $160 million. This purchase positions them as the largest corporate holder of Binance Coin globally and marks the initial phase of a planned $1.25 billion BNB Treasury.

The acquisition was funded through a $500 million private placement led by 10X Capital and YZi Labs. BNC intends to continue expanding its BNB holdings, potentially reaching a total investment of $1.25 billion. This strategy aims to provide U.S. and global investors with indirect exposure to BNB.

CEA Industries believes that BNB is currently underrepresented in the U.S. market, despite its significant global presence with 250 million users and an average daily trading volume of $9.3 billion.

“For BNC, BNB is not just a strategic reserve—it’s a growth opportunity aligned with one of the strongest ecosystems in the industry,” the treasury firm stated.

After a recent correction, BNC stock has shown resilience, rebounding from $16.10 and currently trading above $17.1.

BNB Ecosystem Shows Growth

BNB, the native cryptocurrency of BNB Chain, continues to experience growth in its ecosystem. With $12.3 billion in total value locked (TVL), BNB Chain ranks as the third-largest blockchain by TVL, indicating strong potential.

BNB price has seen a modest increase, gaining 20% on the monthly chart, and is now trading around $822. Analysts predict a potential rally towards $1,000 and beyond, with investors eyeing new all-time highs.