Binance Coin: CEA Industries acquires 33 million dollars of BNB

CEA Industries, a company listed on Nasdaq with the ticker BNC, has revealed that it has purchased 33 million dollars of Binance Coin (BNB). Now, CEA Industries is the largest corporate HODLer of BNB

Binance Coin and the $33 Million Purchase of BNB by CEA Industries

CEA Industries has revealed that it has purchased the equivalent of 33 million dollars in Binance Coin (BNB)

In practice, the company listed on Nasdaq with the ticker BNC is now the largest corporate HODLer of BNB in the world. Not surprisingly, after its latest purchase, it seems that CEA Industries now holds a whopping 388,888 BNB tokens, valued at 330 million dollars

According to reports, the company’s goal is to continue accumulating BNB, aiming to achieve 1% of the total BNB supply by the end of 2025

In this regard, David Namdar, CEO of CEA Industries (BNC), stated:

“We consider BNB the most interesting digital asset with enormous and undervalued potential. Our mission could not be clearer: every purchase strengthens our conviction, deepens our exposure, and brings us closer to our ambitious goal of owning 1% of the entire BNB supply.”

CEA Industries and the Binance Coin (BNB) Accumulation Plan

CEA Industries aims to implement its BNB accumulation plan. This purchase comes after last month, BNC reportedly purchased the equivalent of 160 million dollars in BNB

This has been rated as the largest direct move by a company ever made before on this asset, indeed surpassing direct competitors, both institutional and non-institutional, on projects like Bitcoin (BTC) and Ethereum (ETH)

The moves by CEA Industries or BNC become crucial to restore confidence in BNB

At the time of writing, BNB is valued at 855, in a pump of +11% compared to 30 days ago. Specifically, BNB is hovering around its ATH threshold, with 900$ nearly reached at the end of August

According to data from CFGI, the current market sentiment for BNB is very subdued. At the time of writing, the Fear and Greed Index for BNB is at a score of 53, which is neutral

The Maxi Treasury of B Strategy

Last week, there was talk about B Strategy’s plan to prepare for the Nasdaq listing of a treasury holding focused on BNB

The fundraising target is up to 1 billion dollars, strategically supported by YZi Labs.

In practice, the initiative aims to hold BNB on the balance sheet and to finance development, infrastructure, and community of the ecosystem, outlining a corporate digital treasury model integrated with selective investments.