CEA Industries Nears 1% BNB Ownership
CEA Industries is making significant strides toward owning 1% of all BNB tokens. The company now holds 480,000 BNB Tokens
CEA Industries is on track to own 1% of all BNB tokens. The company now holds 480,000 BNB tokens, valued at $585.5 million. This comes as BNB hits new highs above $1,300.
CEA Industries has significantly boosted its BNB holdings. The company now owns 480,000 tokens, worth about $585.5 million. This move aligns with its goal of owning 1% of the total BNB supply by 2025. The firm’s average purchase price is $860 per token, bringing its crypto and cash reserves to $663 million.
CEA Industries has been steadily increasing its BNB holdings. In September, it disclosed 388,888 tokens. Since then,it has added over 91,000 more,spending around $78 million. This strategy mirrors Strategy’s approach to Bitcoin and BitMine’s focus on Ethereum.
BNB’s market cap now exceeds $180 billion. CEA Industries’ stock has risen over 20% in two days following the disclosure. CEO David Namdar sees BNB as more than just a token. He views it as the core of a vast,integrated ecosystem. “BNB’s all-time highs show that the market recognizes its value and utility,” Namdar said.
The market has responded positively to CEA’s BNB accumulation. The company’s stock has surged, closing 7.9% higher in Tuesday’s trading session, according to data from Yahoo Finance.
