BNB Network Company Increases Holdings by 88,888 BNB, Aiming for 1% of Total Supply by Year-End

CEA Industries’ BNB Network Company Acquires Additional BNB Tokens

CEA Industries, a company listed on the NASDAQ that specializes in nicotine electronic cigarette products, announced through its financial management division, BNB Network Company (BNC), on Thursday that it has purchased an additional 88,888 BNB tokens, further solidifying its position as the largest corporate holder of BNB globally. Based on a token price of $850 at the time of publication, this new BNB acquisition is valued at approximately $75.55 million.

BNC stated in a press release that this purchase follows an earlier acquisition of 200,000 BNB earlier this week, marking a significant step toward the company’s goal of holding 1% of the total BNB supply by the end of 2025.

BNC pointed out that BNB is the native token of the public blockchain BNB Chain, which features a deflationary supply model and a robust decentralized finance (DeFi) application ecosystem, alongside one of the fastest-growing developer and user bases in the industry, with a total value locked (TVL) on-chain exceeding $12 billion.

BNC indicated that its corporate structure allows for the full utilization of the BNB network effect, participation in on-chain yield strategies, and a strong alignment with the long-term growth of the BNB ecosystem. Should the company fully implement its plans—including potential warrants that could raise up to $750 million—BNC’s BNB holdings could exceed $1.25 billion.

According to data from Yahoo Finance, BNC (stock code: BNC) experienced stable performance on Thursday, with a slight decrease of 0.63%, closing at $28.19.

CEA Industries first announced its BNB financial strategy on July 28 and subsequently completed a private financing round led by 10X Capital and YZi Labs to establish a BNB corporate reserve. YZi Labs is a family office set up by Binance founder Zhao Changpeng (CZ).

In addition to BNC, other publicly traded companies that have announced the adoption of BNB as a corporate financial asset include chip manufacturer Nano Labs and biotech company Windtree.