BCGAME - Free 5BTC Daily Bonus!- CEA Industries accumulates 480.000 BNB in its treasury
- Total value in crypto and cash reaches US$663 million
- BNB hits new high and CEA shares rise 8%
CEA Industries, listed on Nasdaq under the ticker BNC, announced on Tuesday that it holds 480.000 BNB in its corporate treasury, bringing the combined total of cryptocurrencies and cash to $663 million. The move is part of the company's strategy to reach 1% of the total supply of BNB, Binance's native token, by the end of the year.
According to the company, the average purchase price was $860 per BNB, representing approximately $585,5 million in token value and $77,5 million in cash reserves. This update marks a significant expansion since the previous disclosure in September, when the company held 388.888 BNB. Since then, CEA has acquired approximately 91.112 new tokens, investing over $78 million in the recent period.
The initiative is part of a growth plan initiated in the summer, when the company raised $500 million in a private placement to fund its BNB allocation strategy. CEA has been making gradual acquisitions over the past few months, following the cryptocurrency's rally, which reached new all-time highs above $1.320.
With its recent performance, BNB has solidified its position as the world's third-largest cryptocurrency by market cap, behind only Bitcoin (BTC) and Ether (ETH). Binance's token has surged by about 30% in the last week, leading gains among the top ten global crypto assets.
BNB's strong performance was also reflected in CEA Industries' shares. After a 15% gain on Monday, the company's shares rose nearly 8% in premarket trading on Tuesday, according to Yahoo Finance data.
CEA reinforced that it will continue its policy of strategic accumulation of BNB throughout 2025, in line with its long-term objective of strengthening the corporate balance sheet with highly liquid digital assets.
