11.08.2025 16:17

CEA Industries, through its treasury arm BNB Network Company (BNC), has significantly increased its BNB holdings. A staggering $160 million investment secured 200,000 BNB tokens, propelling the company to the position of the largest corporate BNB owner.

This monumental purchase reflects BNC's newly adopted treasury strategy, a complete focus on BNB. The bold move follows a recent $500 million private placement, orchestrated by prominent investors 10X Capital and YZi Labs. To facilitate this strategic shift, BNC has undertaken a substantial leadership restructuring.

David Namdar, a co-founder of Galaxy Digital, now leads the company as CEO. He is joined by Russell Read, formerly CIO at CalPERS, and Saad Naja, a former Kraken director, bolstering the executive team's expertise. Further strengthening the board, Hans Thomas and Alexander Monje from 10X Capital have joined its ranks.

BNC's commitment to BNB extends beyond this substantial acquisition; they intend to continue purchasing the token until all treasury funds are allocated. The potential for this investment to grow substantially remains, as the exercise of warrants from the recent fundraising could provide BNC with up to $1.25 billion for additional BNB acquisitions.

The market has reacted positively to this news; CEA Industries' stock experienced a 22.2% surge in pre-market trading, reaching $20.9 per share. This significant rise reflects investor confidence in the company's new direction and the potential returns from its substantial BNB investment. The source for this information was an internet news source.