- CEA Industries boosts holdings to $663M, targeting 1% BNB supply.
- BNB surges past $1,320 as CEA accelerates accumulation strategy.
- Company’s bold crypto push lifts Nasdaq-listed BNC shares nearly 8%.
CEA Industries has expanded its digital asset portfolio to 480,000 BNB, pushing its combined crypto and cash reserves to $663 million. The company’s latest update shows $585.5 million in BNB holdings and $77.5 million in unencumbered cash. According to the firm, its average purchase price stands at $860 per BNB.
This accumulation marks a major step toward CEA’s year-end target of controlling 1 percent of Binance Coin’s total supply. The move follows a September 2 disclosure that revealed ownership of 388,888 BNB.
Since then, the firm has added about 91,112 tokens, signaling intensified accumulation during the recent market rally. Based on the average price, CEA has spent more than $78 million on these additional tokens.
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CEA Strengthens Its Position Amid BNB Surge
BNB’s value has climbed above $1,320, setting new all-time highs and recording a 30% weekly increase, the largest among the top ten cryptocurrencies. This surge has significantly boosted CEA’s portfolio value. The company’s BNC stock, listed on Nasdaq, mirrored this momentum with a 15 percent rise on Monday, followed by another 8 percent gain in Tuesday’s pre-market trading, according to Yahoo Finance data.
CEA’s strategy stems from a $500 million private placement earlier this year, aimed at funding its long-term BNB acquisition plan. The company has executed steady purchases since the summer, showing confidence in Binance Coin’s long-term prospects. This approach reflects a growing trend among firms diversifying their treasuries through digital assets.
By combining substantial cash reserves with an expanding BNB position, CEA Industries is positioning itself as a corporate heavyweight in the digital asset space. Its rapid progress toward the 1 percent supply milestone underlines its commitment to building a strong crypto-backed balance sheet as BNB continues to gain market dominance.
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