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CEA Industries Confirms $663M Crypto Treasury, Targets 1% BNB Supply by Year-End
Yahoo Financeยท 2025-10-07 17:50
Core Insights - CEA Industries has confirmed total digital asset and cash holdings valued at $663 million, marking a significant step in its strategy to incorporate Binance native coin, BNB, into its corporate treasury [1][3]. Digital Asset Holdings - The company disclosed ownership of 480,000 BNB tokens, acquired at an average cost of $860 per coin, representing an aggregate investment of $412.8 million, now valued at approximately $585.5 million based on current market prices [2]. - CEA Industries also reported $77.5 million in cash and short-term equivalents, contributing to the total crypto and cash balances of $663 million [3]. Strategic Goals - CEA Industries aims to own 1% of the total BNB supply by the end of 2025, with current holdings accounting for only 0.35% of the total supply according to Coingecko data [4]. Market Position - BNB's market capitalization peaked near $180 billion, making it the third-largest cryptocurrency, behind Bitcoin and Ethereum, with CEA Industries indicating intentions for further BNB purchases despite the token's all-time high [5]. CEO Insights - CEO David Namdar emphasized that BNB's all-time highs validate the asset's inherent value and utility, viewing BNB as a central component of a highly integrated ecosystem [6]. Investment Strategy - CEA Industries follows a single-asset strategy, similar to other large-scale crypto treasuries, focusing on BNB to leverage its dominance in DeFi, global payments, and AI-powered innovation [7].