CEA bets on BNB: Bold moves to fight for blockchain hegemony

CEA Industries (NASDAQ: BNC) increased its holdings of 30,000 BNB tokens for $26 million, bringing its total holdings to 418,888 BNBs worth approximately $368 million. This makes BNC the world’s largest corporate BNB reserve and is in line with its goal of holding 1% of the total BNB supply by 2025. CEO David Namdar highlighted the company’s strategy to turn to digital assets using institutional capital, noting BNB’s strong performance, deflation model and the total lock-in value of $12 billion in the BNB Chain ecosystem. The company's focused strategy, coupled with the potential to exercise warrants of up to $750 million, could further increase its BNB holdings to more than $1.25 billion.