Yeliz Akmaca 
Nasdaq-listed CEA Industries (BNC) purchased 200,000 Binance Coins (BNB), valued at $160 million. This marks the company’s first major acquisition after completing a $500 million funding round last week. The total investment plan may reach up to $1.25 billion. This move aims to increase institutional participation in the BNB ecosystem.
Binance Coin currently has 250 million users and a daily trading volume of $9.3 billion. It ranks fourth by market capitalization and third by total value locked (TVL), which stands at $12.3 billion. 10X Capital and CZ-backed YZi Labs are collaborating to strengthen BNC’s BNB reserves.
BNC’s Strategic Move
Previously known as VAPE, BNC now focuses on BNB-centered strategies. After acquiring 200,000 BNB, it became the largest corporate holder worldwide. The company plans to continue its purchases using remaining funds and has access to an additional $750 million via a warrant structure. This allows investors indirect exposure to BNB.
Management views BNB not only as a reserve but also as a growth opportunity. The company aims to increase BNB’s representation in the US market.
BNB Price and Ecosystem Data
The Binance Coin ecosystem is growing strongly, supported by a large user base and Web3 developers. Ranking third in TVL further boosts investor interest. BNB’s price rose 20% monthly and currently trades around $822. Analysts expect it to test the $1,000 mark soon.
BNC’s stock experienced a sharp rise in recent months, dropping from over $50 to $16.10 before rebounding to close at $17.1. This recovery signals growing market confidence alongside the Binance Coin investment.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.