Cea Industries Inc. shares rise 33.27% premarket after BNC's $160M BNB purchase.

Cea Industries Inc. surged 33.27% in premarket trading, with its subsidiary BNB Network Company announcing the purchase of 200,000 $BNB tokens, making it the largest corporate holder of BNB globally. This acquisition follows a $500 million private placement, led by 10X Capital in partnership with YZi Labs, to fund a treasury strategy centered exclusively on BNB. The company has restructured its leadership to support this crypto-first strategy, with David Namdar, co-founder of Galaxy Digital, playing a key role.