cryptobriefing.com
Key Takeaways
- CEA Industries disclosed $633 million in $BNB holdings, signaling strong corporate support for the token.
- The company plans to further expand its cryptocurrency treasury, focusing exclusively on $BNB as its reserve asset.
CEA Industries, a publicly traded company with ticker BNC, revealed holdings of 480,000 $BNB worth over $633 million today. The company plans to expand its cryptocurrency treasury further.
The company has positioned itself as a leader in corporate $BNB adoption, pivoting its treasury strategy to focus exclusively on holding the cryptocurrency as its primary reserve asset.
CEA Industries partnered with asset managers to oversee its $BNB treasury strategy after closing a private placement deal aimed at expanding cryptocurrency holdings.
The company filed regulatory documents to raise additional funds specifically for growing its $BNB holdings, highlighting its commitment to cryptocurrency treasury management.
$BNB serves as the native token for the Binance Smart Chain ecosystem and has seen increasing adoption by corporate treasuries for reserve purposes.