CEA Industries Inc. (ticker BNC), the Nasdaq-listed BNB digital asset treasury, said Wednesday it had added over 15,000 BNB tokens, valued at more than $13 million.
According to a statement, that brings its total BNB holdings to 515,054, up from the approximately 500,000 tokens it said it had last month. At that time, BNB was trading at nearly $1,150, up about 90% during the past year. In recent days, however, BNB has declined in price.
As of Wednesday, BNB was trading at about $872, according to The Block's price page, down 20% over the past month, similar to the declines seen by other major cryptocurrencies like Bitcoin and Ethereum. BNB is the fifth-largest cryptocurrency by market cap.
CEA Industries said in August it had raised $500 million through a private placement to buy BNB as its primary treasury reserve asset. The company also calls itself BNB Network.
"Our approach to treasury management is disciplined and opportunistic. We execute purchases when market conditions align with our long-term strategy," CEO David Namdar told The Block.
The company sought to differentiate itself from other DATs on Wednesday. "MicroStrategy's mNAV premium collapsed to 1.06x (from 2.7x last year), Solana treasury aggregate value fell from $3.5 billion to $2.1 billion, and convertible debt structures are creating forced-seller dynamics across the industry," a CEA Industries spokesperson said via email.
YZi Labs, the family office investment firm belonging to former Binance CEO Changpeng "CZ" Zhao, is a supporter of CEA Industries. The company's shares, ticker BNC, were changing hands at $5.12 on Wednesday at 1:43 p.m. ET, up about 3%, according to Yahoo Finance.
BNB was originally Binance's native token.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
