CEA Industries Makes Historic $160M BNB Purchase, Becoming Top Corporate Holder

CEA Industries' treasury division, BNB Network Company, has executed a strategic $160 million acquisition of 200,000 BNB tokens, positioning the firm as the largest corporate holder of BNB. This bold MOVE follows a $500 million private placement led by 10X Capital and YZi Labs, marking a new treasury strategy exclusively focused on BNB.

The company's leadership restructuring reflects this pivot, with Galaxy Digital co-founder David Namdar assuming the CEO role. He's joined by Russell Read, former CalPERS CIO, and Saad Naja, ex-Kraken director. CEA plans to continue BNB accumulation until treasury funds are fully deployed, with potential investments scaling to $1.25 billion if fundraising warrants are exercised.

Markets responded positively, driving CEA Industries' shares up 22.2% in pre-market trading to $20.9. This acquisition underscores increasing institutional confidence in BNB's long-term value proposition within the digital asset ecosystem.