CEA Industries Snaps Up $624M in BNB – Targeting 1% Supply as Token Hits All-Time High

Core Insights - CEA Industries has become the largest publicly reported holder of BNB tokens, with 480,000 tokens acquired at an average cost of $860 each, totaling approximately $412.8 million in investment [1][4] - The company aims to acquire 1% of BNB's total supply by the end of 2025, indicating an aggressive strategy to dominate as an institutional holder of Binance's native token [1] - As of October 6, CEA's total holdings, including cash and equivalents, reached $663 million, with BNB holdings valued at $585.5 million [2] Company Strategy - CEA's CEO, David Namdar, views BNB's record performance as validation of its long-term potential, emphasizing the asset's value and the integrated ecosystem it supports [4] - The firm has transitioned from a Canadian vape manufacturer to a crypto treasury company, following significant capital raises in mid-2025 [4][5] - CEA's shares experienced a dramatic increase of nearly 550% in June after announcing its plans to become the largest BNB treasury company in the U.S. [5] Market Position - CEA Industries joins the ranks of major digital-asset treasury firms, alongside companies like Strategy and Bitmine Immersion Technologies, which are known for their substantial cryptocurrency holdings [3] - BNB's market capitalization surpassed $170 billion, positioning it just behind XRP and Tether, and approximately 33% higher than Solana's market cap [3] Funding and Future Plans - CEA secured a $500 million private share sale to investors, with potential access to up to $1.25 billion in funding for expanding BNB purchases [5] - The company aims to create a U.S.-listed "BNB treasury vehicle" to provide traditional investors with transparent exposure to the BNB Chain ecosystem [6]