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BNC Acquires 88,888 Additional BNB, Targets Ownership of 1% of Total Supply.
GlobeNewswire News Roomยท2025-08-14 12:50

Company Overview - BNB Network Company (Nasdaq: BNC) is the treasury management business of CEA Industries Inc, and it aims to build the world's largest corporate treasury of Binance Coin (BNB) [7] - The company has a clear ambition to become the benchmark institutional vehicle for BNB, focusing on a single-asset strategy [3] Recent Developments - BNC announced the purchase of an additional 88,888 BNB tokens, reinforcing its position as the largest corporate holder of BNB tokens globally [1] - This acquisition follows an earlier purchase of 200,000 BNB tokens, moving the company closer to its goal of owning 1% of BNB's total supply by the end of 2025 [1] Market Position and Strategy - BNC's disciplined capital deployment and single-asset focus differentiate it from diversified digital asset treasuries, allowing it to capture BNB network effects and engage in on-chain yield strategies [3] - If fully executed, including potential warrants that could yield up to $750 million, BNC's BNB position could exceed $1.25 billion, establishing one of the largest digital asset treasuries in the world [4] Industry Context - BNB is the native token of BNB Chain, recognized as the 1 blockchain by daily active addresses and decentralized trading volume, with over $12 billion in total value locked [2] - The BNB ecosystem is rapidly expanding, making it a core pillar of Web3 infrastructure [2]