what's cea industries?
CEA Industries is a publicly traded company (ticker: BNC) specializing in crypto treasury management, with a primary focus on accumulating and holding BNB tokens as its core asset. The company's purpose is to build a substantial digital asset portfolio, leveraging public markets to raise capital for cryptocurrency investments, particularly aiming to hold 1% of BNB's total supply by the end of 2025. Key features include its recent announcement of 480,000 BNB holdings valued at approximately $624 million, making it the largest reported BNB treasury holder, supported by $663 million in total crypto and cash reserves. It raised $500 million through a PIPE offering, expandable to $1.25 billion, with backing from prominent investors like Pantera Capital, GSR, and Arrington Capital. The BNC stock has experienced significant volatility and surges tied to BNB's price performance and institutional interest. While not an NFT project, its strategy emphasizes long-term holding and potential yield generation from its BNB treasury.
CEA Industries' BNB holdings increased to $464.6M (515,554 BNB); BNB reserve strategy reaffirmed.
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x.com/ceaindustriesIssued a public statement refuting claims made by YZi Labs.
Holdings increase to 515,554 BNB worth $464.6M, and the company reaffirms its BNB reserve strategy.
BNB treasury reaches 500,000 BNB ($546.8M), up from previously reported 480,000 BNB, and the project gains Coinbase support.
$BNC is now available for 24/7 leveraged trading on Vest Markets with up to 10x leverage and zero fees, while the token has surged 20% as institutions boost exposure.
Reports holding 480,000 BNB worth $624M, making it the largest reported BNB treasury holder, with plans to reach 1% of BNB's total supply by year-end.