CEA Industries buys 160 million USD in BNB, becoming the largest BNB holder
CEA Industries has just announced the purchase of 200,000 $BNB worth 160 million USD, thereby becoming the largest public company holding BNB. This investment was made through its subsidiary BNB Network Company (BNC), listed on the US stock exchange.
Accumulation strategy and reputable leadership
Previously, #CEAIndustries successfully raised 500 million USD from several large investment funds such as Pantera Capital, 10X Capital, and Galaxy Digital to implement the BNB treasury strategy. BNC also announced its reputable leadership team, including CEO David Namdar (co-founder of Galaxy Digital), along with former managers from CalPERS and Kraken.
CEA Industries stated that the reason for choosing BNB is because #BNBChain is the third largest blockchain in the world by value locked (12.3 billion USD TVL) and has a large user community. With a market capitalization of 114 billion USD, BNB is currently the fifth largest cryptocurrency globally.
Ambitious expansion plans
BNC plans to continue purchasing BNB until it exhausts the raised 500 million USD, and is planning to raise an additional 750 million USD. This move demonstrates the strong confidence of institutions in the long-term potential of BNB. Along with other companies such as Nano Labs and Windtree, CEA Industries is contributing to promoting BNB as a strategic reserve asset in the investment portfolios of enterprises. #anhbacong
