CEA Industries Total BNB Holdings Rise to 480K as Token Hits Record High

Core Insights - CEA Industries has increased its holdings of BNB tokens to 480,000, representing a 15% rise from previous disclosures, as the price of BNB reaches an all-time high [1] - The company invested approximately $412.8 million to acquire additional BNB at an average price of $860 per token, with BNB currently trading at $1,303 [1] - The firm's total treasury, including $77.5 million in cash, is nearing $700 million [2] Group 1 - The increase in BNB's price is attributed to heightened activity on its blockchain, with 58 million monthly active addresses recorded in September [2] - The growth in activity is largely linked to Aster, a new decentralized exchange, which has seen its total value locked exceed $2.4 billion and trading volume approach $200 billion for the month [2] - BNB's price rise is further supported by technical integrations, including a partnership with Chainlink to bring U.S. economic data on-chain [3] Group 2 - CEA Industries aims to accumulate 1% of the total BNB supply by the end of the year [3] - The company's shares increased by 7% in Tuesday's trading session [3]