Daniel Walker
CEA Industries announced Tuesday that it has acquired 38,888 BNB, valued at roughly $33 million, maintaining its position as the world’s largest corporate BNB treasury.
This purchase adds to the firm’s ongoing strategy, following last month’s $160 million BNB acquisition, bringing total holdings to 388,888 BNB, worth around $330 million.
In July, Nasdaq-listed CEA Industries pivoted from nicotine vapes to focus on building a BNB treasury, updating its ticker symbol from VAPE to BNC. The treasury expansion was supported by a $500 million private placement led by 10X Capital and Changpeng Zhao’s YZi Labs.
CEO David Namdar emphasized the company’s mission:
“We see BNB as the most compelling digital asset with massive, under-recognized potential. Every purchase strengthens our conviction and accelerates our goal of owning 1% of the total BNB supply.”
Treasury Goals and Market Context
CEA Industries aims to acquire 1% of BNB’s total supply by the end of 2025, potentially reaching 1.4 million BNB, worth approximately $1.2 billion at current prices.
BNB recently reached an all-time high of ~$900 on Aug. 22, before dipping 6.2% to $844.25 amid a broader market correction. The BNB Chain remains the largest blockchain ecosystem by daily active users and decentralized trading volume, with over $12 billion in total value locked.
Advantages of a Focused BNB Treasury
CEA Industries believes its single-asset focus distinguishes it from diversified treasuries. The approach allows the company to:
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Capture network effects
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Generate on-chain yield
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Align with BNB ecosystem growth
If the treasury plan—including up to $750 million from warrant proceeds—is fully executed, CEA Industries’ holdings could exceed $1.25 billion, ranking among the largest digital asset treasuries globally.
Corporate Altcoin Treasuries on the Rise
The trend of corporate crypto accumulation is expanding beyond Bitcoin and Ethereum. Companies are now establishing altcoin treasuries for Solana, Litecoin, XRP, and BNB. Firms like B Strategy, Nano Labs, and Windtree are also targeting BNB-focused corporate treasuries, reflecting a growing institutional interest in selective digital assets.
