CEA Industries (Nasdaq: BNC) has cemented its position as the largest corporate holder of Binance Coin (BNB), announcing that it now owns 480,000 BNB valued at approximately $585.5 million. The company’s total investment in BNB stands at $412.8 million, with an average purchase price of $860 per token. This milestone coincides with BNB’s record-breaking surge to an all-time high of $1,300, reflecting a 5.7% gain in the past 24 hours and a massive 122% increase over the past six months. According to TradingView data, BNB traded around $1,294 on Monday, pushing its market cap to over $184 billion and surpassing XRP to become the third-largest cryptocurrency behind Bitcoin and Ethereum.
The recent rally follows Binance’s new partnership with Franklin Templeton, fueling optimism and investor confidence. Social media buzz around the milestone has been strong, with Binance founder Changpeng “CZ” Zhao celebrating the moment with a playful post on X, calling it “#BNB meme szn!” and expressing surprise at the unexpected surge. Crypto analyst Ali hailed the achievement as “a huge milestone,” noting BNB’s 31.6% weekly gain and its historic climb past XRP.
CEA Industries’ growing BNB position aligns with its ambitious goal of holding 1% of the token’s total supply by the end of 2025. The company currently holds an additional $77.5 million in cash and assets, bringing its total portfolio to roughly $663 million. CEO David Namdar emphasized that BNB’s utility and integration across the Binance ecosystem make it a strategic long-term investment. Similar to Bitcoin-accumulating firms like Strategy Inc. and Ethereum-focused BitMine Technologies, CEA plans to continue expanding its BNB holdings and explore staking as part of its growth strategy. Namdar described BNB as “a fulcrum of a massively integrated ecosystem,” highlighting its growing influence in the crypto economy.
