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CEA Industries Discloses 480,000 BNB as Token Hits Record Highs and Climbs to No. 3 in Crypto

The Nasdaq-listed firm invested $413 million at an $860 average, targeting 1% of BNB’s supply by year-end.

Overview

  • CEA reported 480,000 BNB and $77.5 million in cash for a combined $663 million in crypto and cash as of Oct. 6.
  • BNB traded above $1,300 with a market capitalization near $170–180 billion, ranking as the third-largest cryptocurrency.
  • The company’s BNB accumulation has been funded by a $500 million private placement, with further purchases under consideration.
  • Shares of CEA (BNC) rose roughly 7%–12% after the disclosure, according to market reports.
  • Coverage cites rising BNB Chain activity, the rapid growth of Aster DEX, and a new Chainlink data integration as rally drivers.