CEA Industries Buys $160M BNB Becomes Largest Corporate Holder Stock Rises 22.2%

CEA Industries' treasury arm, BNB Network Company (BNC), has become the largest corporate holder of BNB after purchasing 200,000 tokens for $160 million. The acquisition is a strategic move under BNC’s new treasury strategy, which is now exclusively focused on BNB. This follows the firm’s recent $500 million private placement led by 10X Capital and YZi Labs [1].

The company has restructured its leadership to support the shift, with David Namdar, co-founder of Galaxy Digital, appointed as CEO. Russell Read, formerly Chief Investment Officer at CalPERS, and Saad Naja, ex-director of Kraken, have joined the leadership team. Additionally, 10X Capital’s Hans Thomas and Alexander Monje have joined BNC’s board [1].

BNC intends to continue purchasing BNB until its treasury funds are fully allocated. Should the warrants from the private placement be exercised, the firm could access up to $1.25 billion for further investment in the token [1]. The strategic shift has already had a positive impact on CEA Industries’ stock, which rose 22.2% in pre-market trading to $20.90 [1].

This move reflects a broader trend of institutional investors placing increasing trust in major cryptocurrencies like BNB. The firm’s alignment with the token underscores its confidence in the long-term value and utility of the BNB chain ecosystem. The decision to shift treasury focus to BNB appears to be both a financial and strategic bet on the token’s future performance and adoption [1].

Source: [1] CEA Industries Becomes Largest Corporate Holder of BNB With $160M Buy (https://www.coindesk.com/markets/2025/08/11/cea-industries-becomes-largest-corporate-holder-of-bnb-with-usd160m-buy)